articled trainee
1477 Points
Joined July 2010
perfect means there are large number of buyers or sellers in the market i,e FMCG (FAST MOVING CONSUMER GOODS )
EATABLES , ELECTRIONIC ITEMS..
MONOPOLY MEANS ALONE TO SELL (ITZ HARD TO FIND AN EXAMPLE FOR THIS )
MONOPOLISTIC WHERE PRODUCTSAPPEAR TO BE SIMILAR BUT THERE IS VARIATION FOR EG .. SOAP INDUSTRY OR TOOTHPASTE INDUSTRY FOR EG .VARIATION BETWEEN COLGATE AND PEPSODENT..
OLIGOPOLY MEANS COMPETITION AMONG FEW , I, E COLDDRINK INDUSRTY , (FEW SELLERS PEPSE ,COLA , THUMS UP WETC ) OR AUTOMOBILE