Oligopoli

Between Monopoli and Perfect Competition

• Imperfect competition refers the those markets structures that fall between perfect competition and pure monopoli.
• Imperfect competition includes in which firms have competitors but do not face so much competition that they are price takers.
• Types of imperfectly Competitive Markets : 

a. Oligopoly
Only a few sellers each offering a similar or identical product to the other s.
b. Monopolistc Competition
Many firms selling products that are similar but not identical.