In general, which of the following competitive structures is an organisation least likely to operate?
A)Monopoly
B)Monopolistic competition
C)Oligopoly
D)Elastic competition
E)Pure competition

Question

Quizplus · Accepted Answer

Pure competition is an idealised market structure in which there are many buyers and sellers, and each firm produces an identical product. In reality, it is very difficult to find a market that meets all of the conditions of pure competition.

In General, Which of the Following Competitive Structures Is an Organisation