Which of the Following Market Types Has the Fewest Number

question 20

Multiple Choice

Which of the following market types has the fewest number of firms?

• A) Monopoly
• B) Perfect competition
• C) Monopolistic competition
• D) Perfect competition and monopolistic competition
• E) Oligopoly

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Definitions:

Fluidity

The quality of being adaptable or capable of changing easily; often used in the context of gender, sexuality, and identity to describe a spectrum of experiences that are not fixed.

Non-Dominant Group

A social or ethnic group that does not hold a large amount of power or influence in a society compared to the dominant or majority groups.

Poverty Line

An officially determined threshold of income that is considered the minimum necessary to maintain an adequate standard of living in a given country.

Social Identity

The part of a person’s identity that is determined by attributes and characteristics of groups the person aligns themselves with.