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What are possible market structures for an economic system?

oligopoly, monopoly, and pure competitonMonopoly, Pure competition, Oligopoly


What are the four basic types of competition that take shape in a private enterprise system?

pure competition, monopolistic competition, oligopoly, and monopoly


What Market structures that can exist in a free market system?

In a free market system, several market structures can exist, including perfect competition, monopolistic competition, oligopoly, and monopoly. Perfect competition features many buyers and sellers with identical products, leading to no single entity influencing prices. Monopolistic competition allows for product differentiation among many firms, while oligopoly involves a few dominant firms that can influence market prices. Lastly, a monopoly exists when a single firm controls the entire market for a product or service, leading to significant pricing power.


What system is also called a monopoly system?

Capitalistic system.


Does Turkey have a railway system?

Turkey has a good railway system. It ranks in the world's top 25 railway systems.


Does Sierra Leone have a railway system?

NO. Sierra Leone does not have a working railway system.


Is mall a type of railway system in city?

Metro is a type of railway system


What is four basic degrees Of competition take shape in a private enterprise system?

Perfect-many equal sellersMonopolistic- many sellers producing similar products that are perceived as different by buyersOligopoly-a few sellers dominate a makrketMonopoly- only one major seller


Does South Korea have a railway system?

Yes, in fact South Korea does have a railway system.


What competitive system existed in the steel industry after the formation of US Steel in 1901?

Oligopoly


A railway system that runs on one rail?

A railway system that runs on one rail is a monorail.


Does the Wii system have a monopoly game?

yes it does