This market structure occurs when an industry has many businesses selling the same product

This market structure occurs when an industry is filled with many sellers who sell similar but differentiated products

In this market structure, a business can offer low quality goods due to lack of competition

This market structure is most beneficial to consumers

The major focus of sellers in this market is branding and marketing

Collusion and price fixing can become a problem in this type of market structure

This market structure has some barriers to entry but they are typically low

In this market structure, sellers can enter and exit the market freely

This market structure occurs when an entire industry is controlled by one company