In general, the two extreme cases of market structure models are represented by:
a. monopolistic competition and oligopoly.
b. oligopoly and monopoly.
c. oligopoly and perfect competition.
d. perfect competition and monopoly.
e. perfect monopoly and oligopolistic competition.
d
Economics
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Internal balance describes
A) equilibrium in the goods market. B) a desired level of trade or capital flows. C) where the IS and BP curve intersect. D) a domestic rate of growth consistent with a low unemployment rate.
Economics
In a competitive market illustrated by the diagram below, a price ceiling of $10 per unit will result in:
A. A shortage of 200 units
B. A surplus of 200 units
C. A surplus of 250 units
D. A shortage of 250 units
Economics