Which is the correct order of ranking market structures from that with the fewest sellers to that with the most sellers?
A) Monopoly, oligopoly, monopolistic competition, pure competition.
B) Monopoly, monopolistic competition, oligopoly, pure competition.
C) Pure competition, monopolistic competition, oligopoly, monopoly.
D) Monopolistic competition, oligopoly, monopoly, pure competition.

Question

Quizplus · Accepted Answer

The correct order from fewest to most sellers is: Monopoly (1 seller), Oligopoly (few sellers), Monopolistic Competition (many sellers but with product differentiation), and Pure Competition (many sellers with identical products).

Which Is the Correct Order of Ranking Market Structures from That