Which of the following firms is likely to have the highest market power?

Question

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A monopolistic firm has the highest market power because it is a sole producer in the market and can set the price at a higher level than marginal cost without losing all of its customers. In contrast, a perfectly competitive firm has no market power as it must take the prevailing price in the market, while a monopolistic competitor has some market power but faces competition from close substitutes. An oligopolistic firm with homogeneous products may have some market power, but it is limited by the presence of other firms producing the same products.

Which of the Following Firms Is Likely to Have the Highest