econoimc mised market econmy

market

a collection of buyers and sellers

prefect comptition

theoretical, g+s are identical, b+s are plentiful

impfrect competeion

reality, dfierenet g+s

monopoly

one seller controls the market, no comp, like youtube

monoposny

one buyer controls market, one empolyer in town

legal monopoly

santction allowed by gov (dominion power)

oligopoly

market with few major comptertoirs, soda companies

monopolistic

many sellers, like resturants