Under Which One of the Following Market Structures Are Sellers

question 33

Multiple Choice

Under which one of the following market structures are sellers most likely to consider the reaction of rival sellers when they set the price of their product?

• A) Perfectly competition.
• B) Monopoly.
• C) Monopolistic competition.
• D) Oligopoly.

---

Definitions:

Target Net Income

The income objective set by management.

Required Sales

The amount of sales a company needs to achieve in order to cover all its costs and reach its break-even point.

Variable

An element or factor that is subject to change or variation, often used in financial analysis or scientific experiments.

Fixed

Refers to expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.