Figure 13-3
-In Figure 13-3 above, column C represents which type of competitive market?
A) an oligopoly
B) monopolistic competition
C) a pure monopoly
D) pure competition
E) oligopolistic competition

Question

Figure 13-3
-In Figure 13-3 above, column C represents which type of competitive market?
A) an oligopoly 
B) monopolistic competition 
C) a pure monopoly 
D) pure competition 
E) oligopolistic competition

Quizplus · Accepted Answer

Pure competition is characterized by many sellers offering identical products, which is typically represented in economic models by a column labeled as such.

Figure 13-3 -In Figure 13-3 Above, Column C Represents Which Type of Type