If market structures are ranked from the one in which firm(s) face the flattest demand curve to the one where they face the steepest, the correct order is

a. monopoly, monopolistic competition, perfect competition
b. monopolistic competition, perfect competition, monopoly
c. monopolistic competition, monopoly, perfect competition
d. perfect competition, monopoly, monopolistic competition
e. perfect competition, monopolistic competition, monopoly

E

Economics

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