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The theory of Market Structure takes a very important place in the theory of economy. The structure of a market provides us with different information such as general profit and utility maximising notions and conditions. Economics is an explanation of the ways of economic agencies' interactions through commodities, services, and mediums of exchange like money, production processes and other in order to make their standard of living higher. It is impossible for the economic agency to do this without knowing something about the market, on which it operates. It's also impossible to predict producers' or consumers' behaviour without knowing general profit and utility maximising conditions. According to the theory market is divided into four most distinctive types. The pure competition and pure monopoly are the polar ones. Between them there are two: monopolistic competition (it is closer to perfect or pure competition) and oligopoly (closer to monopoly, but has...

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