Of the following market structures, which are considered imperfectly competitive?
I.
Perfect competition
II.
Monopoly
III.
Monopolistic competition
IV.
Oligopoly
A)III only
B)II and III
C)III and IV
D)II, III, and IV

Question

Quizplus · Accepted Answer

Imperfect competition refers to market structures where there is a lack of perfect competition, which includes monopolistic competition and oligopoly.

Of the Following Market Structures, Which Are Considered Imperfectly Competitive