Which of the Following Is Correct

question 15

Short Answer

Which of the following is correct?
In perfect competition, most firms in an industry are large.
In monopolistic competition, there are fewer sellers than in perfect competition but still many buyers.
All things considered, perfect competition is the ideal situation.
In order for an oligopoly to exist, there must not be more than three sellers.
In a monopoly, the firm that is the only supplier does not have to worry about how much consumer demand will fall as it raises its prices.

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Definitions:

Expire 24 Hours

Usually relates to digital content that is designed to be accessible or visible for only twenty-four hours before it disappears or becomes unavailable.

Dialogic Features

The aspects of communication that enable or contribute to a dialogue or interaction, fostering two-way communication and engagement.

Pinterest

A social media platform that allows users to share, discover, and save visual content, such as recipes and home decor ideas.

Feedback Loop

A process in which the outputs of a system are circled back and used as inputs, often leading to modifications, improvements or control of the system.