Examlex
Which of the following would cause prices to fall and output to rise in the short run?
Pure Monopoly
A market structure where a single supplier provides a unique product or service with no close substitutes, controlling the entire market.
Oligopoly
A market structure characterized by a small number of firms controlling a large majority of the market share, often leading to limited competition.
Monopolistic Competitive
A market structure characterized by many firms selling products that are substitutes but differentiated from one another, leading to non-price competition.
Short Run
A period in economics during which at least one input, such as plant size, is fixed and cannot be changed by a firm.
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