Which of the following is not a basic market model?
A)pure competition
B)free enterprise
C)oligopoly
D)monopoly

Question

Quizplus · Accepted Answer

Free enterprise is not a market model; it is an economic system where private businesses operate in competition and largely free of state control. Pure competition, oligopoly, and monopoly are all market models that describe different types of market structures based on the number of firms and the nature of competition.

Which of the Following Is Not a Basic Market Model