Which of the Following Market Structures Will Have Lower Prices

question 10

Multiple Choice

Which of the following market structures will have lower prices in the long run than monopoly,ceteris paribus?

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

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Definitions:

Functionalist

A viewpoint in both sociology and anthropology that sees society as a system comprised of interconnected components, which function to fulfill the social and biological requirements of its members.

Mass Media

Various forms of communication mediums, such as television, radio, newspapers, and the Internet, that reach a large audience.

Mass Media

Various forms of communication, such as television, radio, newspapers, and the internet, that reach large audiences simultaneously, playing a significant role in shaping public opinion and culture.

Audiences

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