In business, the four basic forms of competition are
A) pure competition, limited competition, oligopoly, and monopoly.
B) dictatorship, monarchy, oligarchy, and democracy.
C) pure competition, cross-market competition, oligopoly, and pure monopoly.
D) technological competition, market competition, governmental competition, and environmental competition.
E) pure competition, monopolistic competition, oligopoly, and pure monopoly.

Question

Quizplus · Accepted Answer

The four basic forms of competition in business are pure competition, monopolistic competition, oligopoly, and pure monopoly. These categories describe different market structures based on the number of firms in the market and the nature of the products they offer.

In Business, the Four Basic Forms of Competition Are