Which is the market structure in which many manufacturers produce and sell products that are different yet substitutable?
A: Perfect competition
B: Perfect monopoly
C: Monopolistic competition
D: Oligopoly
A: Perfect competition
B: Perfect monopoly
C: Monopolistic competition
D: Oligopoly
举一反三
- [单选]Under which of the following market structures would consumers likely pay the highest price for a product? A: perfect competition B: monopolistic competition C: oligopoly D: monopoly
- ______ have single firm in the industry. A: Perfect competition B: Monopoly C: Oligopoly D: Monopolistic competition
- Which of the following characteristics is common to monopolistic competition and perfect competition? A: Firms produce identical products. B: Entry barriers into the industry are low. C: Each firm faces a downward-sloping demand curve. D: Firms take market prices as given.
- In both perfect competition and monopolistic competition, each firm A: sells identical products. B: faces a downward-sloping demand curve its product. C: has no monopoly power. D: can enter or exit the market freely.
- In perfect competition, ________. A: there are restrictions on entry into the market B: firms in the market have advantages over firms that plan to enter the market C: only firms know their competitors' prices D: there are many firms that sell identical products