In which market structures does a firm have at least some ability to set the market price?
A) perfect competition and monopolistic competition
B) monopolistic competition and oligopoly
C) oligopoly and monopoly
D) monopolistic competition, oligopoly and monopoly

Question

Quizplus · Accepted Answer

In monopolistic competition, oligopoly, and monopoly, firms have some degree of market power that allows them to influence the price of their products, unlike in perfect competition where firms are price takers.

In Which Market Structures Does a Firm Have at Least