The four major competitive structures are
A) monopolies, oligopolies, oligopolistic monopolies, and pure competition.
B) pure competition, heavy competition, moderate competition, and light competition.
C) brand, product, total budget, and generic.
D) oligopolies, monopolies, monopolistic competition, and pure competition.
E) monopolies, limited competition, oligopolistic competition, and pure competition.

Question

Quizplus · Accepted Answer

The four major competitive structures are oligopolies, monopolies, monopolistic competition, and pure competition. This is the commonly accepted classification in economics. Choice A is incorrect as "oligopolistic monopolies" is not a recognized term. Choice B uses subjective terms to categorize competition and is not a recognized classification. Choice C lists types of branding and budgeting, which are not related to competitive structures. Choice E is incorrect as "limited competition" is not a recognized classification.

The Four Major Competitive Structures Are