Types of market

TYPES OF MARKET

  • Based on number of sellers/buyers in the market
    • Monopoly - Only one seller
    • Oligopoly - Few number of sellers
    • Monopsony - Single buyer
    • Oligopsony - Few number of buyers
    • Perfect/Pure competition - large number of sellers and buyers
    • Bilateral monopoly - single seller and single buyer
Last modified: Saturday, 2 June 2012, 6:57 AM