In business,the four basic forms of competition are:
A)pure competition,limited competition,oligopoly,and monopoly.
B)dictatorship,monarchy,oligarchy,and democracy.
C)pure competition,cross-market competition,oligopoly,and pure monopoly.
D)pure competition,monopolistic competition,oligopoly,and pure monopoly.
E)technological competition,market competition,governmental competition,and environmental competition.

Question

Quizplus · Accepted Answer

This is because pure competition, monopolistic competition, oligopoly, and pure monopoly are the four primary forms of competition that exist in business. Pure competition involves a large number of firms selling identical products, while monopolistic competition involves a large number of firms selling differentiated products. Oligopoly involves a small number of firms dominating the market, while pure monopoly involves a single firm dominating the market. These four forms of competition are the most commonly studied and recognized in business.

In Business,the Four Basic Forms of Competition Are