Describe four basic market structure types in microeconomics

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In this assignment, you will describe the four basic market structure types in microeconomics. You will create this in an essay format.

Question: Although there are many different examples of economies in the world, all of them demonstrate one or more of the four basic types of market structure. For this assignment, in your own words, please do the following:

Identify the four basic market structures, in order, from the best for consumers to the best for producers.
Describe each in terms of their distinguishing characteristics (e.g., monopolies have only one producer). Be sure to describe how the characteristic distinguishes the associated market structure from other market structures.
What methods would you use to set prices in your selected business? Explain

Reference no: EM133493957

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