NO PROFIT WITHOUT MARKET STRUCTURE

MARKET STRUCTURE:

there are different market structures that can be characterized to an economy, without market structure any company cannot able to enter in the required market and cannot able to sustain in the market.

THERE ARE SOME TYPES OF MARKET ARE.

1) Perfect competition:

•   It has a large number of small firms compete against each other. they don't have any significance product or market power.
•  They will no have any capability to increase or decrease the price of any product, it's like a cycle.
• There are free entry and exit to the market.   

example:   Agriculture products are best examples of perfect competition, selling the same vegetables and fruits at the same price of other shops kept.

2) Monopoly 

• The market structure of monopoly whereas a single firm controls the entire market like as a king.
• It has the highest level of market share and high-level of market power that why consumers don't have any alternative products or services to go.
• Most of the monopolists are having a plan to reduce output to increase prices and earn more profit.
• They can set the price of their interest, and there are high barriers to entry and exit.

example: Google is one of the best monopoly company to advertising revenue from attention-grabbing content.