Which is the correct sequence if we are ranking market structures from that with the largest number of sellers to that with the smallest?
A) monopolistic competition, pure competition, monopoly and oligopoly.
B) monopoly, oligopoly, pure competition, and monopolistic competition.
C) oligopoly, monopoly, monopolistic competition, and pure competition.
D) pure competition, monopolistic competition, oligopoly, and monopoly.

Question

Quizplus · Accepted Answer

Pure competition has the largest number of sellers, offering homogeneous products. Monopolistic competition follows, with many sellers but differentiated products. Oligopoly has few sellers, and monopoly has only one.

Which Is the Correct Sequence If We Are Ranking Market