BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Monopoly
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Oligopoly
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Monopolistic Competition
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Perfect Competition
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Detailed explanation-1: -The correct sequence of the market structure from most to least competitive is perfect competition, imperfect competition, oligopoly and pure monopoly.
Detailed explanation-2: -There are four types of economic market structures (organized form the least competitive to the most competitive): monopoly; oligopoly; monopolistic competition; and.
Detailed explanation-3: -Which is the LEAST competitive market structure? Monopoly is the least competitive market structure. Why monopoly is the least competitive market structure? regulation and other barriers to entry to keep competition out of the market.
Detailed explanation-4: -Among all the forms of market, monopoly is considered to be the least competitive.
Detailed explanation-5: -A monopoly is a business that is characterized by a lack of competition within a market and unavailable substitutes for its product. Monopolies can dictate price changes and create barriers for competitors to enter the marketplace.