Chapter
10
Pure
Competition
in
the
Short
Run
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Four
Market
Models
Pure
competition
Pure
monopoly
Monopolistic
competition
Oligopoly
Pure
Competition
Monopolistic
Competition
Oligopoly
Pure
Monopoly
Market
Structure
Continuum
LO
10-2
1
Pure
Competition:
Characteristics
Very
large
numbers
of
sellers
Standardized
product
Price
takers
Easy
entry
and
exit
LO
10-3
2