List 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 as it involves a single seller. Oligopoly has few sellers, making it more competitive than a monopoly. Monopolistic competition has many sellers with differentiated products, and pure competition is the most competitive with many sellers offering identical products.

List the Following Competitive Markets from LEAST Competitive to MOST