Market Structures

Which does not belong to the group of market structures?

• Monopoly

• Oligopoly

• Perfect Competition

• Market Competition

Which of the following is the most competitive market structure?

• Perfect competition          

• Monopolistic competition    

• Oligopoly

• Oligopoly

Which of the following is the least competitive market structure?

• Perfect competition             

• Monopolistic competition    

• Oligopoly

• Monopoly

Which of the following is NOT a feature of a monopolistic competition?

• Numerous sellers               

• Product differentiation        

• Numerous buyers

• Homogenous price

If ABM firm sells its product in a market, with many sellers and buyers of

homogeneous product, and unlimited resource mobility, the structures is a/an  ___________?

• monopolist    

• oligopolist   

• perfect competitor

• monopolistic competitor