If there are many firms participating in a market,what could the market be
A)either an oligopoly or monopolistically competitive
B)either perfectly competitive or monopolistically competitive
C)either an oligopoly or perfectly competitive
D)either an oligopoly or monopoly

Question

Quizplus · Accepted Answer

A market with many firms is likely to be either perfectly competitive, where firms sell identical products, or monopolistically competitive, where firms sell differentiated products.

If There Are Many Firms Participating in a Market,what Could