There are some markets that have very high infrastructure costs where it is close to impossible to have many firms. I would expect a monopoly or possibly some form of oligopoly for these markets. Most markets fit more comfortably into monopolistic competition with many firms competing and cooperating to achieve greater efficiency. I also prefer markets with many firms as that means there are many entrepreneurs and more incentive to succeed.
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True and thanks for your kind response with your more insightful thoughts. Stay blessed. 🙂