Types of market according to the competition

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Section 3: Market Failures and Externalities

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Market structures.

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Types of market according to the competition

Monopsony Market

is

his type of market occurs when buyers exercise predominance to regulate demand, in such away that allows them to intervene in the price, setting it

Duopsonium

Oligopsony

Competencia Monopsonista

Perfect Competition Market

buyers and sellers are so numerous that no buyer or seller can influence the market price

Products and services offered for sale They are all the same

Imperfect Competition Market

It is the one that operates between the two extremes: The Perfect Competition Market and the Monopoly Market Pure

Mercado de Oligopolio

Monopolistic Competition Market

Monopoly Market

It is the one in which there is only one company in the industry

The authorities grant the exclusive right to a single company to produce a product or service

A key resource