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