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

question 95

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:

Online Consumer

An individual who purchases goods or services via the internet.

Electronic Shopping Agents

Software or online tools that help consumers find products and compare prices online to facilitate easier and informed purchasing decisions.

Bots

Software applications that run automated tasks over the Internet, often performing repetitive tasks more quickly than a human could.

Product Characteristic

Features or attributes that define a product, distinguishing it from competitors and influencing consumer decisions.