What Do We Call a Market Structure with Many Competitors

question 123

Multiple Choice

What do we call a market structure with many competitors selling virtually identical products?

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

---

Definitions:

Year-End

The conclusion of a fiscal or calendar year, marking the final day for accounting adjustments, after which financial statements are generated.

Invoice Price

The price listed on the invoice, representing the amount charged to the buyer by the seller for goods or services provided.

Settlement Date

The day on which a trade is finalized, and the buyer must make payment and the seller deliver the asset.

Foreign Exchange Gain

Profit arising from the appreciation of a foreign currency relative to the functional currency in foreign currency transactions.