1. Market of perfect competition
1.1. These are markets in which such a large number of consumers, offers and brands interact, that none of them is capable of influencing the price of the products on their own. Competition is always the order of the day and goods and services are generally the same or similar.
1.1.1. Characteristics
1.1.1.1. The products are homogeneous.
1.1.1.2. In the long run, the profits are equal to zero.
1.1.1.3. Producers enter and leave the market without any barriers.
1.1.1.4. Companies take the price, instead of determining it.
2. Monopoly market
2.1. They are commercial spectrums in which a single brand is responsible for the sale of a product or service. This situation is basically explained by the high number of entry barriers that are imposed on companies that aspire to compete.l
2.1.1. Characteristics
2.1.1.1. Slightly different products and services
2.1.1.2. Free market entry and exit
2.1.1.3. large number of companies
2.1.1.4. Lack of knowledge on the part of the consumer
2.1.1.5. Benefits
3. Imperfectly competitive market
3.1. It is the intermediate market between that of monopoly and that of perfect competition. It can occur in two variants: either when there are many companies that offer similar (not identical) products, or when there are a large number of buyers but few sellers.
3.1.1. Characteristics
3.1.1.1. Low degree of concentration of companies
3.1.1.2. The number of companies that form this type of market is small.
4. Monopsony market
4.1. In this case, we are talking about markets in which consumers play a leading role. That is, after their business decisions, they are capable of changing, or at least influencing, the price of the products. Obviously, for this to be the case, the demand must be much higher than the supply. Customers, then, have a very high bargaining power in this model.
4.1.1. Characteristics
4.1.1.1. The monopsonist must know very well the supply and prices in order to maximize profits.
4.1.1.2. It is the market in which there is only one buyer.