Which market structure has the most market power?

Question

Quizplus · Accepted Answer

A monopoly has the most market power because it is the only seller in the market and has complete control over price and quantity. In a monopolistic competition, there are many small firms, so no one firm has significant market power. In a perfect competition, all firms are price takers, so no firm has market power. In an oligopoly, a few large firms may have some market power, but it is still less than that of a monopoly.

Which Market Structure Has the Most Market Power