The Figure Given Below Shows the Revenue and Cost Curves

Multiple Choice

The figure given below shows the revenue and cost curves of a firm. MC represents the marginal cost curve, AC the average cost curve, MR the marginal revenue curve, and AR the average revenue curve.Figure 9.4

-The ordering of market structures from most market power to least market power (where market power is the ability to set its own price) is:

A) monopoly, monopolistic competition, oligopoly, perfect competition.
B) perfect competition, monopolistic competition, oligopoly, monopoly.
C) oligopoly, monopoly, monopolistic competition, perfect competition.
D) monopoly, oligopoly, monopolistic competition, perfect competition.
E) monopoly, perfect competition, monopolistic competition, oligopoly.