In which competitive structure does no single firm have any control over price?
A) Monopoly
B) Pure competition
C) Oligopoly
D) Monopolistic competition

Question

Quizplus · Accepted Answer

In a pure competition market structure, there are many sellers offering homogeneous products, and no single firm can influence the market price because the products are perfect substitutes. This means that firms are price takers, adjusting to the market price rather than setting their own.

In Which Competitive Structure Does No Single Firm Have Any