In Which of the Following Market Structures Is There at Least

question 253

Multiple Choice

In which of the following market structures is there at least the possibility of earning profits in the long-run equilibrium?

• A) Perfect competition and monopolistic competition
• B) Monopoly and oligopoly
• C) Monopoly only
• D) Monopolistic competition, monopoly, and oligopoly

---

Definitions:

Collective Bargaining

A process where employers and a group of employees negotiate to determine the terms of employment, including wages, hours, benefits, and working conditions.

Dispute Resolution

A broad spectrum of processes including mediation, arbitration, and negotiation used to resolve conflicts or disputes without resorting to litigation.

Welfare Capitalism

A practice where businesses provide welfare services to their employees, such as housing and healthcare, to improve working conditions and loyalty.

Voluntarism

The principle or practice of engaging in voluntary action or service, often contrasted with compulsory methods.