Most markets lie between the extremes of perfect competition and monopoly.

Name: Most markets lie between the extremes of perfect competition and monopoly.
Brand: Quizplus
Rating: 4.8 (45 reviews)

Question

Quizplus · Accepted Answer

Most real-world markets are characterized by imperfect competition, which means they exhibit characteristics that fall somewhere between the theoretical extremes of perfect competition and pure monopoly. This includes various forms of market structures such as monopolistic competition and oligopoly.

Most Markets Lie Between the Extremes of Perfect Competition and Monopoly