The spectrum of market structures, aligned from the least to the greatest number of firms, spans
a. monopoly to duopoly
b. monopoly to oligopoly
c. monopoly to triopoly
d. monopoly to perfect competition
e. monopolistic competition to oligopoly
D
Economics
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A situation in which a market economy leads to too few or too many resources going to a particular economic activity is known as
A) competition. B) excessive competition. C) destructive competition. D) a market failure.
Economics
The consumer price index is calculated using a fixed basket of goods. Will this always give an accurate representation of the changing cost of living to consumers? Why or why not?
Economics