There Are a Large Number of Small Firms That Provide

question 142

Multiple Choice

There are a large number of small firms that provide entertainment for children's birthday parties.There is little difference between one company's inflatable slide and another company's.Clowns and magicians do similar tricks.Both the sellers and the parents buying the entertainment are well informed as to price and sources although sometimes it is difficult to hire the same entertainer two years in a row because the business is so easy to open and close.What type of market structure do local party entertainers depict?

• A)perfect competition
• B)monopolistic competition
• C)imperfect competition
• D)a pure monopoly
• E)an oligopoly

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