Answer:
The overview according to the definition of the query is listed in the following part of the clarification.
Step-by-step explanation:
- Perfect rivalry or competition defines a business system in which a vast handful of similar competitors compete with homogeneous goods against each other.
- Monopolistic, respectively, refers to a business system where a vast number of individual companies compete with distinct goods against one another and.
- An Oligopoly defines a system of the economy where a limited number of businesses are competing against one another and.
- A monopoly depends on the business system where every other market is dominated by a single company.