ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which one of the following alternatives is an example of a market?
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All of the answers.
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The New York Stock Exchange.
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A website where freelancers can propose their services and companies can hire them.
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A place in your town where you can buy fruit.
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Explanation:
Detailed explanation-1: -Economic market structures can be grouped into four categories: perfect competition, monopolistic competition, oligopoly, and monopoly.
Detailed explanation-2: -The five major market system types are Perfect Competition, Monopoly, Oligopoly, Monopolistic Competition and Monopsony.
Detailed explanation-3: -The best examples of pure competition market structures are stock, agricultural and craft markets.
Detailed explanation-4: -Perfect competition. A perfect competition market system occurs in situations where there are almost unlimited buyers and sellers. Monopoly. Monopolistic competition. Oligopoly. Monopsony. 13-Apr-2021
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