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E N D Presentation Transcript A COMPARISON OF FOUR MARKET STRUCTURESBASED UPON THE DEGREE OF COMPETITION PERFECT COMPETITION MONOPOLY OLIGOPOLY MONOPOLISTIC COMPETITION NUMBER OF FIRMS A FEW LARGE FIRMS (AT LEAST TWO) FOUR FIRM CONCENTRATION RATIO If the combination of market share of the four largest firms in an industry is equal to or greater than 40%, the industry is considered an oligopoly