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)

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Definitions:

Evaluate

To evaluate in mathematics means to calculate the value of an expression by substituting numbers for variables and performing the indicated operations.

Rule Of Correspondence

A fundamental concept in mathematics that refers to how every element of one set is assigned to one or more elements of a second set, often exemplified in functions.

Ordered Pairs

Pairs of numbers used to represent positions on a graph, with the first number indicating horizontal position and the second number indicating vertical position.

Cubes

A cube is a three-dimensional solid object bounded by six square faces, or in mathematics, the result of multiplying a number by itself twice.