The spectrum of market structures, aligned from the least to the greatest number of firms, spans
A) monopoly to duopoly
B) monopoly to oligopoly
C) monopoly to triopoly
D) monopoly to perfect competition
E) monopolistic competition to oligopoly

Question

Quizplus · Accepted Answer

The spectrum of market structures from the least to the greatest number of firms starts with a monopoly (one firm), and ends with perfect competition (many firms). Monopolistic competition and oligopoly fall in between these two extremes, but neither represents the endpoint of the spectrum.

The Spectrum of Market Structures, Aligned from the Least to the Greatest