Which two market structures tend to be more commonly observed in the real world?
A) pure competition and pure monopoly
B) pure competition and monopolistic competition
C) pure monopoly and monopolistic competition
D) monopolistic competition and oligopoly

Question

Quizplus · Accepted Answer

Monopolistic competition and oligopoly are the two market structures that are more commonly observed in the real world. Pure competition and pure monopoly are rare in reality. In fact, firms in most markets have some degree of market power, leading to monopolistic competition or oligopoly.

Which Two Market Structures Tend to Be More Commonly Observed