The market structure that is associated with big business in developed economies is
A)perfect competition.
B)monopolistic competition.
C)monopoly.
D)oligopoly.

Question

Quizplus · Accepted Answer

Big businesses in developed economies are often associated with oligopoly, as a few large firms dominate the market and have significant control over pricing and supply. Perfect competition is characterized by many small firms competing in a market, while monopolistic competition involves many firms offering differentiated products. A monopoly exists when a single firm is the only supplier in a market.

The Market Structure That Is Associated with Big Business in Developed