The CORRECT Ranking of the Four Basic Market Structures from Low

question 335

Multiple Choice

The CORRECT ranking of the four basic market structures from low (Herfindahl-Hirschman Index) HHI to high HHI is

• A) perfect competition, oligopoly, monopolistic competition, monopoly.
• B) monopoly, oligopoly, monopolistic competition, perfect competition.
• C) perfect competition, monopolistic competition, oligopoly, monopoly.
• D) monopoly, monopolistic competition, oligopoly, perfect competition.

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Definitions:

Security Issues

Concerns or problems related to the protection of assets, data, and people from threats such as cyber attacks or theft.

Downsizing

The process of reducing an organization's workforce to improve efficiency, reduce costs, or restructure business operations.

Part-timers

Employees who work fewer hours than required for a full-time position, often on a flexible schedule.

Contract Workers

Individuals who are hired for a specific job or project on a temporary basis, rather than being permanent employees.