the following competitive markets from LEAST competitive to most competitive.
A) monopolistic competition, pure monopoly, pure competition, and oligopoly.
B) pure competition, monopolistic competition, oligopoly, and pure monopoly
C) pure competition, monopolistic competition, pure monopoly, and oligopoly
D) monopolistic competition, pure monopoly, pure competition, and oligopoly
E) pure monopoly, oligopoly, monopolistic competition, and pure competition

Question

Quizplus · Accepted Answer

Pure monopoly is the least competitive with a single seller, followed by oligopoly with few sellers, monopolistic competition with many sellers offering differentiated products, and pure competition being the most competitive with many sellers offering identical products.

The Following Competitive Markets from LEAST Competitive to Most Competitive