Which sequence of market structures ranks the barriers to entry from the fewest to the most?

Question

Quizplus · Accepted Answer

The correct sequence from the fewest barriers to entry to the most is: perfect competition, where there are virtually no barriers to entry and a large number of firms; oligopoly, where there are some barriers to entry and a few dominant firms; and monopoly, where the barriers to entry are the highest, often due to control over a key resource or government regulation, resulting in a single firm dominating the market.

Which Sequence of Market Structures Ranks the Barriers to Entry