Of the following market structures, which has the fewest number of firms competing against each other?
A) Monopolistic competition
B) Perfect competition
C) Oligopoly
D) Both answers A and C are correct.
Correct Answer:
Verified
Q112: Asus Q113: In a prisoner's dilemma, when the Nash Q114: One difference between oligopoly and monopolistic competition Q115: In a small town the level of Q116: A cartel is a group of firms Q118: When a cartel maximises its profit, Q119: Which group of features is shared by Q120: In oligopolistic markets, Q121: Student 1 Q122: Big W Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
![]()
A) total
A) there are many firms.
B)
![]()
![]()