Glossary · Micro · Perfect competition
Market structure
How a market is organised: how many sellers there are, whether their products are identical, and how easy it is to enter. The four textbook structures are perfect competition, monopolistic competition, oligopoly and monopoly.
Related terms
More from perfect competition
Definitions are the start
See the term used, not just defined.
The full course teaches every term in context, with worked examples, interactive graphs and practice questions that remember what you get wrong.