| market structure | number | nature of | ease of | other | ||
| of firms | the product | entry / exit | ||||
| monopoly | one | unique | costly, | imperfect | ||
| barriers to entry | information | |||||
| oligopoly | few, | differentiated | costly | imperfect | ||
| at least some large | or homogeneous | information | ||||
| monopolistic competition | many, all small | differentiated | easy | imperfect infor. | ||
| perfect competition | many, all small | homogeneous | easy | perfect information | ||