It is usual to divide markets into four categories. In ascending order of competitiveness these are (fill in the missing three):
1) Monopoly
2) Oligopoly
3) Imperfect competition/Monopolistic competition
4) Perfect competition
It is usual to divide markets into four categories. In ascending order of competitiveness these are (fill in the missing three):
1) Monopoly
2) Oligopoly
3) Imperfect competition/Monopolistic competition
4) Perfect competition