Which of the Following Market Structures Will Have Lower Output

question 38

Multiple Choice

Which of the following market structures will have lower output in the long run than perfect competition,ceteris paribus?

• A)Monopolistic competition,but not oligopoly or monopoly.
• B)Monopolistic competition,oligopoly,and monopoly.
• C)Monopolistic competition and oligopoly,but not monopoly.
• D)Oligopoly and monopoly,but not monopolistic competition.

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Definitions:

Shock

A sudden and often negative emotional or physical reaction to an unexpected event.

Endings Phase

The final stage of a process or relationship, where closure or conclusion occurs.

Completion

The act of finishing a task or bringing it to an end.

Helplessness

A state of feeling unable to control events or conditions, often leading to a lack of motivation or action.