Solved

Perfect Competition Provides One Model in Which There Are Many

Question 73

Multiple Choice

Perfect competition provides one model in which there are many firms with no barriers to entry.If perfect competition as a model lies on one extreme,the model that lies on the opposite extreme is:


A) monopolistic competition.
B) oligopoly.
C) monopoly.
D) imperfect competition.
E) oligopolistic competition.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions