In which of the following types of markets does a single firm have the most market power?
A)Perfect competition.
B)Monopolistic competition.
C)Oligopoly.
D)Monopoly.

Question

Quizplus · Accepted Answer

In a monopoly market, there is only one seller who holds complete control over the market, and there are no close substitutes for its product or service. Hence, the single firm in a monopoly market has the most market power.

In Which of the Following Types of Markets Does a Single