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Explain about Market Structures briefly

Explain about Market Structures briefly.

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Market Structures:

• Economists are capable to analyze a smooth continuum of market structures along with monopoly on one end and perfect competition onto the other.

• Advertising and marketing campaigns to distinguish products in oligopolistic markets are planned to promote product homogeneity’s images.

• Monopolistic Competition of Monopolistically competitive firms are not allocatively capable since P>MC, if are productively efficient because economic profits equal zero within the long run.

• The results of pure and monopolistic competition be different primarily since monopolistic competitors sell differentiated products, when outputs of pure competitors are homogeneous.

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