What are the names of two different market structures? Describe how and why they each have a different competitive situation.

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What are the names of two different market structures? Describe how and why they each have a different competitive situation.

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Monopoly and oligopoly, monopply has no competition, as they are the only company in this industry, and oligopoly is a type of monopoly, but has around nd six leading companies state or private owned between which the consumer can switch. However it is difficult to join this market for new companies.

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