What are the two types of imperfectly competitive markets
A)monopoly and monopolistic competition
B)monopoly and oligopoly
C)monopolistic competition and oligopoly
D)monopolistic competition and cartels

Question

Quizplus · Accepted Answer

The two types of imperfectly competitive markets are monopolistic competition and oligopoly. Monopoly is not an imperfectly competitive market; it is a market structure with only one seller. Cartels are not a type of market structure; they are a group of firms that collude to restrict competition.

What Are the Two Types of Imperfectly Competitive Markets