The Most Efficient Market Structure in the Long Run Is

question 47

Multiple Choice

The most efficient market structure in the long run is

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

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Definitions:

Partnership

A legal business structure where two or more people share ownership, responsibilities, profits, and liabilities.

Legal Positions

Various stances or points of view related to law, including interpretations of statutes, legal principles, and case law by individuals or organizations.

Profit Share

An arrangement where profits from a business venture are distributed among the participants or stakeholders.

General Partner

A partner in a limited partnership whose liability is unlimited.