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What struck you as being the most interesting thing that you learned concerning the different market...

What struck you as being the most interesting thing that you learned concerning the different market structures, i.e, perfect competition, monoply, monopolistically competitive, and oligopoly market ?

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When we learn about the different market structures the most important aspect that intrigues one person is the varying degree of competition . The degree of competition rises from monopoy to perfect competition being the lowest for monopoly and highest for PC . This degree of competiton is the core that actually differentiates between the features of each market structure . The variations in marketting strategies , pricing , demand curves , entry and exit of firms etc are all basically due to the amount of competition in the market .

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