Name the four types of market structure in order from most competitive to least competitive
What will be an ideal response?
Perfect competition, monopolistic competition, oligopoly, and monopoly
Economics
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A natural monopoly:
a. is a monopoly in the production of raw materials. b. occurs when one firm can supply the entire market more cheaply than can a number of firms. c. is one result of a patent. d. necessarily involves inefficient pricing.
Economics
The U-form of organization is equivalent to the matrix form
Indicate whether the statement is true or false
Economics