Which of the following is not a basic kind of market (competitive) situation?
A) Pure competition
B) Oligopoly
C) Capitalistic competition
D) Monopolistic competition
E) Monopoly

Question

Quizplus · Accepted Answer

Capitalistic competition is not a basic kind of market situation. It is a vague term that can refer to any type of competition within a capitalist economy, and therefore does not qualify as a specific type of market structure. The other options (pure competition, oligopoly, monopolistic competition, and monopoly) are all well-defined types of market structures.

Which of the Following Is Not a Basic Kind of Market