In Which of the Following Market Structures Is(are) There a Large

question 417

Multiple Choice

In which of the following market structures is(are) there a large number of sellers? (i)
Monopolistic competition
(ii)
Perfect competition
(iii)
Oligopoly

• A)(i) and (ii) only
• B)(ii) and (iii) only
• C)(ii) only
• D)(i), (ii), and (iii)

---

Definitions:

Sit-In

A form of protest where participants occupy a space, refusing to leave until their demands are met, often used in civil rights movements to combat racial segregation.

Autoworkers

Employees in the automotive industry involved in the production, marketing, and maintenance of automobiles.

General Strike

A large-scale strike action involving workers from multiple industries and professions, typically aiming at achieving political or economic goals.

Congressional Elections

The process by which members of the United States Congress (House of Representatives and Senate) are elected by the public.