Which of the following is NOT a feature used to distinguish among the four market models?
A) The number of sellers in the market.
B) Whether the sellers' products are identical or differentiated.
C) The ease or difficulty with which firms can enter or leave the market.
D) Whether the firms in the market are proprietorships, partnerships, or corporations.

Question

Quizplus · Accepted Answer

The type of business organization (proprietorship, partnership, or corporation) is not a feature used to distinguish among the four market models (perfect competition, monopolistic competition, oligopoly, and monopoly). The key distinguishing features are the number of sellers, product differentiation, and market entry/exit conditions.

Which of the Following Is NOT a Feature Used to Distinguish