Of the Following Market Structures, Which Has the Fewest Number

question 208

Multiple Choice

Of the following market structures, which has the fewest number of firms competing against each other?

• A) monopolistic competition
• B) oligopoly
• C) perfect competition
• D) Both answers A and C are correct.

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Definitions:

David McClelland

was a prominent psychologist known for his work on motivation theory, including the concepts of Need for Achievement, Power, and Affiliation.

Types Of Needs

Categories of necessity varying from physiological, such as food and water, to psychological, such as esteem and belonging.

Sexual Orientation

An enduring pattern of romantic or sexual attraction to persons of the opposite sex, the same sex, both sexes, or more, including heterosexuality, homosexuality, bisexuality, and more.

Positive Emotions

Feelings that are generally perceived as pleasant or beneficial, such as happiness, joy, love, and excitement.