Oligopolies

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Definitions
Imperfect Market
Imperfect Market Market Structure Market Power Monopolies Oligopolies Market Failure
An imperfect market is a market structure where individual producers and/or consumers have the power to influence the prices and quantities of goods and services. Unlike in a perfectly competitive market, where no participant can affect the market outcome, imperfect markets are characterized by various market failures such as monopolies, oligopolies, and other forms of market power.
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