The two least common competitive structures are
A) monopolies and oligopolies.
B) pure competition and monopolies.
C) monopolistic competition and monopolies.
D) pure competition and no competition.
E) oligopolies and pure competition.

Question

Quizplus · Accepted Answer

Pure competition and monopolies are the two least common competitive structures because pure competition involves a market with many sellers offering identical products, which is rare, and monopolies, where a single company controls the entire market, are also uncommon due to regulations and market forces.

The Two Least Common Competitive Structures Are