Which of the following market structure is characterized by the non-existence of direct competitors?
A)Pure competition
B)Monopolistic competition
C)Oligopoly
D)Monopoly

Name: Which of the following market structure is characterized by the non-existence of direct competitors? A)Pure competition B)Monopolistic competition C)Oligopoly D)Monopoly
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Question

Quizplus · Accepted Answer

A monopoly is a market structure where a single firm is the sole producer of a product or service, resulting in no direct competitors.

Which of the Following Market Structure Is Characterized by the Non-Existence