Which of the following does not have the power to set prices?
A) A duopoly.
B) A monopoly.
C) An oligopoly.
D) A perfect competitor.

Name: Which of the following does not have the power to set prices? A) A duopoly. B) A monopoly. C) An oligopoly. D) A perfect competitor.
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Question

Quizplus · Accepted Answer

A perfect competitor is a theoretical concept in which no one firm has the power to affect the market price, therefore it cannot set prices.

Which of the Following Does Not Have the Power to Set