OceanographyEach branch has its own market specificity - the production of various goods, a different composition of producers, the size of enterprises, the characteristics of technology, the composition and specificity of consumers , the specificities of the competition. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”?Get an original essayIn microeconomics, the most typical market structures (market models) are generalized and the behavior of manufacturing firms is studied, leading to the receipt of the greatest benefit for them: the receipt of the maximum profit. At the heart of these generalizations, specific recommendations are developed, which are of key importance in choosing the behavioral strategy of the enterprise in specific market conditions. The subject of competition analysis is the industry. For example, a group of competitors producing goods (services) and competing directly with each other. The purpose of the analysis is to identify the competitive advantages of the company and the choice of a competitive strategy. There are four main market structures: perfect competition, monopolistic competition, oligopoly and monopoly. Perfect competition indicates a market structure in which a number of small businesses compete with each other. Additionally, corporations do not have significant influence on market power. Therefore, the manufacturer usually produces the absolute output level, which in turn leads to a market where many buyers and sellers exchange identical products, so that each buyer and seller is a price taker. Perfect competition is based on the following elements: • All small businesses strive to maximize profits. • The products offered by different sellers are largely the same. • There are no specific preferences between different sellers. It doesn't matter to the customer from whom the companies buy the products. • All businesses have free entry and exit from the market. • There is perfect information and knowledge about homogeneous products. Currently, according to Nielson statistics, 3,885,567,619 people in the global population 7519028970 people use the Internet. Around 3.9 billion Internet users are both producers and consumers. The example mentioned above indicates that the Internet is a market in which a myriad of consumers/producers operate without any influence on market power, which leads to equality of opportunity in this market, illustrating one of the characteristics of perfect competition. perfect competitionInternet-related industries. The Internet has a strong influence on the perfect competition market because it has made it possible to compare and check prices in a simple, fast and efficient way (perfect information). Therefore, selling any type of good on the Internet through a service such as Alibaba, Aliexpress and E-bay is extremely similar to perfect competition. For example, it is increasingly common to use the online magazines mentioned above to compare prices of all types of products and buy cheaper ones. In perfect competition, online magazines Alibaba, Aliexpress and E-bay rely on the following elements:• There are also a large number of sellers.• Perfect information and knowledge. It is easy to compare prices of goods.• There are no significant barriers to entry and exit from the market. Monopolistic competition is a type of market structure consisting of many small firms that produce differentiated products and free market entry and).