Economics Chapter 7: Market Structures Economics Chapter 7: Market Structures 1. Perfect Competition is when a large number of buyers and sellers exchange.
UNIT 4.3: IMPERFECT COMPETITION Oligopoly(Oli.). Identical Products No advantage D=MR=AR=P Both efficiencies Price-Taker 1000s Perfect Competition Monopolistic.
Principles of MicroEconomics: Econ102. 2 of 21 ……………meets the conditions of: Many buyers and sellers: all participants are small relative to the market.
R. GLENN HUBBARD
