If a firm has at least some control over the price of its product, then the firm cannot be in which market model?
A)oligopoly
B)pure monopoly
C)pure competition
D)monopolistic competition

Question

Quizplus · Accepted Answer

In a pure competition market model, firms are price takers and have no control over the price of their product because there are many sellers offering identical products, making the market highly competitive.

If a Firm Has at Least Some Control Over the Price