Which of the following two market structures are LESS common?
A)Monopoly and perfect competition
B)Perfect competition and oligopoly
C)Oligopoly and monopolistic competition
D)Monopolistic competition and monopoly

Question

Quizplus · Accepted Answer

Monopoly and perfect competition are less common in real-world markets. Perfect competition, with its conditions of numerous small firms and identical products, is rare. Monopolies, where a single company dominates the entire market, are also uncommon due to regulations and market forces.

Which of the Following Two Market Structures Are LESS Common