The most common market structures are
A)monopoly and oligopoly.
B)monopoly and monopolistic competition.
C)monopolistic competition and oligopoly.
D)monopolistic competition and perfect competition.

Question

Quizplus · Accepted Answer

Monopolistic competition and oligopoly are the most common market structures in the real world. Monopolistic competition describes a market with many firms selling differentiated products, while oligopoly describes a market dominated by a few large firms. Monopoly and perfect competition, while important in theory, are relatively rare in practice.

The Most Common Market Structures Are