Which market structure would likely have the highest concentration ratio?
A)Monopoly
B)Oligopoly
C)Monopolistic competition
D)Perfect competition

Question

Quizplus · Accepted Answer

A monopoly is a market structure in which there is only one seller of a good or service. This means that the monopoly has complete control over the market and can set prices and output levels as it sees fit. As a result, monopolies typically have very high concentration ratios, as they are the only supplier of a particular good or service.

Which Market Structure Would Likely Have the Highest Concentration Ratio