Ranking the market structures from that with the smallest number of sellers to that with the largest number of sellers, respectively, we have:
A) monopoly, monopolistic competition, oligopoly, pure competition.
B) monopoly, oligopoly, monopolistic competition, pure competition.
C) monopolistic competition, pure competition, oligopoly, monopoly.
D) oligopoly, monopoly, pure competition, monopolistic competition.

Question

Quizplus · Accepted Answer

Monopoly has the smallest number of sellers (just one), followed by oligopoly (a few sellers), then monopolistic competition (many sellers with differentiated products), and finally pure competition (a very large number of sellers with identical products).

Ranking the Market Structures from That with the Smallest Number