If we talk about perfect competitive market
then it is the market structure type with/
- large number of buyers and sellers in the market
- the price is decided only by the market forces that is demand
and supply
- there are no barriers to entry and exit in the market
- the products are homogeneous in nature
when we talk about monopoly then -
- it is having single seller and large number of buyers in the
market
- The single seller is the only price maker in the market
- there are very high barriers to entry and exit in the
market
If we talk about Oligopoly market then in this
market -
- there are few large sellers with large number of buyers
- there are barriers to entry and exit in the market
- they can sell homogeneous or differentiated products
- they form cartels to have market and price controls