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oligopoly markets
The general term for market structures that fall somewhere in-between monopoly and perfect competition is called "oligopoly." Oligopoly refers to a market structure in which a small number of firms dominate the market. These firms have the power to influence market prices, but they do not have complete control over the market like a monopoly does. To arrive at this answer, you can analyze the characteristics of different market structures and their definitions. Understanding the differences between a monopoly (where there is only one seller) and perfect competition (where there are many sellers with similar products) helps identify the term "oligopoly" as the appropriate answer.
