Which of the following is not a fundamental type of competition?
A) Pure Competition - Supply and demand determines prices
B) Imperfect Competition - Monopolistic Competition
C) Imperfect Competition - Oligopoly
D) Monopoly - One seller controls entire supply
E) Federally Controlled - Government regulates competition

Question

Quizplus · Accepted Answer

Federally Controlled competition is not a fundamental type of competition as it refers to government regulated competition rather than different market structures based on the number of sellers and competition.

Which of the Following Is Not a Fundamental Type of Competition