Answer:
1) pure competition: a market that has a broad range of competitors who are selling the same products, In an ideal purely competitive market, the products being sold would be identical, which removes the option of one seller offering something different or better than another seller. Because there are so many competitors in the market offering the same product at the same price, one competitor doesn't have an edge over the others. Essentially, all the sellers are equal. New companies can easily enter the market. The price of products is determined solely by what consumers are willing to pay.
2) pure monopoly: market structure where one company is the single source for a product and there are no close substitutes for the product available. Pure monopolies are relatively rare. In order for a provider to maintain a pure monopoly, there must be barriers preventing competitors from entering the market. Legal barriers, control of resources and economies of scale
3) monopolistic competition: While a monopolistic competition is similar to a perfect competition in that there are many smaller firms in the market, the defining characteristic of a business entering into monopolistic competition is this notion of product differentiation
oligopoly: occurs when only a few firms control the market. These firms may have a high portion of control divided between each other
Explanation:
got 100% on the prompt edge2020-2021
