Under Which Market Structure Are Profit Rewards Most Likely to Be

question 107

Multiple Choice

Under which market structure are profit rewards most likely to be quickly taken away by existing firms or new firms entering the industry?

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

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Definitions:

Motherboard Pins

Connector pins on a motherboard that are used for attaching various components and providing electrical connectivity.

Identical Shape

Two or more objects that exactly match in form and dimensions.

VGA

Stands for Video Graphics Array, an analog standard for connecting monitors to computers, known for its 15-pin connector.

DVI-I

The most common type of DVI video connector that is used with both analog and digital monitors.