Which of the Following Market Structures Will Have Higher Prices

question 35

Multiple Choice

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

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

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Definitions:

Discount Rate

In the realm of discounted cash flow analysis, this interest rate is used to calculate the present value of expected future cash flows.

Payments

The process of transferring money in exchange for goods or services or as fulfillment of obligations.

Years

A unit of time equal to 365 days (or 366 in a leap year), used to measure duration or age.

Compounded Monthly

The process where interest earned on a loan or investment is calculated and added to the principal amount each month, facilitating growth in the investment or debt.