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Econ 1101 Notes – Monopoly and Other Forms of Imperfect Competition Chapter 10: Monopoly and other forms of Imperfect CompetitionImperfect Competition and price settersImperfect competition: A market in which firms have at least some ability to set their own priceMarket structures:Perfect competitionImperfect competitioni. Monopolistic competitionii. Oligopoly iii. Monopoly Perfect CompetitionMonopolistic CompetitionOligopoly competition MonopolyMany small firmsLarge.