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Sagot :
Final answer:
The four basic market structures in economics are perfect competition, monopoly, monopolistic competition, and oligopoly.
Explanation:
The four basic market structures in economics are perfect competition, monopoly, monopolistic competition, and oligopoly. Perfect competition involves many firms producing homogeneous products, while monopoly has a single firm dominating the market. Monopolistic competition and oligopoly are intermediate structures with differentiated products and a few firms, respectively.
Learn more about market structures in economics here:
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