There are fewest problems in distinguishing between which two market structures?
A) oligopoly and monopolistic competition
B) monopolistic competition and perfect competition
C) monopoly and perfect competition
D) oligopoly and monopoly
E) oligopoly and perfect competition

Question

Quizplus · Accepted Answer

Monopoly and perfect competition are at opposite ends of the market structure spectrum, making them the easiest to distinguish. A monopoly is characterized by a single seller with no close substitutes for the product, while perfect competition involves many sellers with identical products.

There Are Fewest Problems in Distinguishing Between Which Two Market