Perfect competition and monopoly stand at _______ of the spectrum of competition.
A) opposite ends
B) the high end
C) the low end
D) the mid-way point

Question

Quizplus · Accepted Answer

Perfect competition and monopoly represent extreme market structures; perfect competition features many firms with no control over market price, while a monopoly consists of a single firm with significant control over the market and its prices.

Perfect Competition and Monopoly Stand at _______ of the Spectrum