Market Structures

• Pure Competition

  A theoretical model of perfect competition. e.g. agricultural markets, online retail stores, stock market
• Monopolistic Competition

  Many small firms in an industry. E.g. cafes, restaurants, hair salons
• Oligopoly

  Few large firms dominate the industry. E.g. airlines, banks, search engines
• Monopoly

  Only one producer in the industry. E.g. Sydney Water, Transport NSW