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perfect competition monopolistic competition oligopoly monopoly a type of free market in which there is only one seller and no competition a type of free market that has a few sellers offering similar, but not identical, products to many small buyers a type of free market that has many sellers who sell similar, but distinguishable products a type of free market that has many small sellers who sell interchangeable products to many informed buyers
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Perfect competition: A type of free market that has many small sellers who sell interchangeable products to many informed buyers
Monopolistic competition: A type of free market that has many sellers who sell similar, but distinguishable products
Oligopoly: A type of free market that has a few sellers offering similar, but not identical, products to many small buyers
Monopoly: A type of free market in which there is only one seller and no competition