All of the following are types of markets recognized by economists except ________.
A) pure competition
B) oligopolistic monopoly
C) monopolistic competition
D) oligopolistic competition

Question

Quizplus · Accepted Answer

Oligopolistic monopoly is not a recognized market type. Economists typically identify pure competition, monopolistic competition, and oligopolistic competition as distinct market structures. An oligopolistic monopoly combines terms from oligopoly (a market dominated by a few firms) and monopoly (a market with only one seller), which contradicts the definitions of recognized market types.

All of the Following Are Types of Markets Recognized by Economists