Market Structures True/false

In Perfect Competition products are differentiated

• true
• false

Firms in a Monopolistic Competition Market are price takers

• true

• false

In a monopoly, the firm is the industry

• true
• false

Products are not differentiated in Oligopoly

• true
• false

There are fewer firms in Perfect Competition than in Monopolistic Competition

• true
• false

In Perfect Competition there are high barriers to entry

• true
• false

Consumers have more choice in an Oligopoly than in Monopolistic Competition

• true
• false