Monopolistic competition and oligopoly are examples of A. Extreme cases on the m

Question

Monopolistic competition and oligopoly are examples of A. Extreme cases on the market structure continuum B. Imperfect competition C.Theories of consumer behavior D. Perfect competition E. Monopoly Monopolistic competition and oligopoly are examples of A. Extreme cases on the market structure continuum B. Imperfect competition C.Theories of consumer behavior D. Perfect competition E. Monopoly A. Extreme cases on the market structure continuum B. Imperfect competition C.Theories of consumer behavior D. Perfect competition E. Monopoly

Explanation / Answer

B. Imperfect competition

Both the monopolistic and oligopoly has market entry barriers. They can control the price of the product to some extend.The buyers of both monopoly and oligopoly market have limited options to choose from.

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