A market in which numerous buyers and sellers sell identical goods is known as pure competition. In the preceding illustration, there are numerous buyers and sellers, and the product is uniform, allowing them to purchase it from any source.
a marketing scenario in which no single company has a significant impact on price because there are numerous sellers of a product that cannot be distinguished. The perfect market information and the ease with which new businesses can enter the market are also prevalent conditions.
Oligopoly markets are those in which a small number of suppliers control a market. They can be found in many different industries and countries. While some oligopoly markets appear to be less competitive, others may be.
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