According to Shepherd,which of the following is not a group in which industries could be placed based on their competitiveness?

Question

Quizplus · Accepted Answer

Shepherd proposed four groups for industries based on their competitiveness - dominant firms, tight oligopolies, effective competition, and pure monopolies. Pure monopsonies, on the other hand, refer to a market structure where there is only one buyer for a particular product or service. This is not one of the groups proposed by Shepherd, therefore D is the correct answer.

According to Shepherd,which of the Following Is Not a Group