A market structure in which many firms are selling an identical product is called
A) perfect competition.
B) monopolistic competition.
C) oligopoly.
D) monopoly.

Name: A market structure in which many firms are selling an identical product is called A) perfect competition. B) monopolistic competition. C) oligopoly. D) monopoly.
Brand: Quizplus
Rating: 4.8 (35 reviews)

Question

Quizplus · Accepted Answer

In perfect competition, many firms sell identical products, and no single firm can influence the market price.

A Market Structure in Which Many Firms Are Selling an Identical