The general term for market structures that fall somewhere in-between monopoly and perfect competition is
A) incomplete markets.
B) imperfectly competitive markets.
C) oligopoly markets.
D) monopolistically competitive markets.

Question

Quizplus · Accepted Answer

Imperfectly competitive markets refer to market structures that are neither purely competitive nor monopolistic, including oligopoly and monopolistic competition.

The General Term for Market Structures That Fall Somewhere In-Between