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Sagot :
The four major competitive structures are oligopolies, monopolies, monopolistic competition, and pure competition.
What are the four competitive structures?
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. An example of monopolistic competition are restaurants
A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. A monopoly sets the price for its goods and services. An example of a monopoly is a utility company
An Oligopoly is when there are few large firms operating in an industry.
To learn more about oligopolies, please check: https://brainly.com/question/26130879
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