In which of the following market structures is(are) there a large number of sellers? (i)
Monopolistic competition
(ii)
Perfect competition
(iii)
Oligopoly
A)(i) and (ii) only
B)(ii) and (iii) only
C)(ii) only
D)(i), (ii), and (iii)

Question

Quizplus · Accepted Answer

Monopolistic competition and perfect competition both have a large number of sellers, whereas oligopoly has only a few dominant sellers.

In Which of the Following Market Structures Is(are) There a Large