Which Market Model Assumes the Least Number of Firms in an Industry

question 170

Multiple Choice

Which market model assumes the least number of firms in an industry?

• A)monopolistic competition
• B)pure competition
• C)pure monopoly
• D)oligopoly

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Definitions:

Very Low

Refers to a quantitative or qualitative measure indicating a minimal level or degree of something.

About Average

A term used to describe a value or performance that is considered to be typical or within the middle range of a dataset or comparative group.

Central Tendency

A statistical measure to determine the single value that best represents the center of a data distribution, such as the mean, median, or mode.

Average

The central value of a set of numbers, calculated by dividing the sum of all the numbers by the count of numbers.