In what type of market structure would a producer have the LEAST amount of flexibility in setting prices?
A) pure competition
B) monopolistic competition
C) oligopoly
D) monopoly

Question

Quizplus · Accepted Answer

In a pure competition market structure, there are many producers offering identical products, leading to no single producer having the power to influence prices. Prices are determined by market supply and demand.

In What Type of Market Structure Would a Producer Have