Which Market Structure Is Most Likely to Have the Means

question 111

Multiple Choice

Which market structure is most likely to have the means and some incentive to innovate?

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

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Definitions:

Bank Statement

A summary issued by a bank detailing the transactions in a customer's account over a specific period, including deposits, withdrawals, and balances.

Stop Payment

An order issued to a bank by an account holder not to pay a specific check that has been written and issued but not yet cashed.

Secondhand Car

A vehicle that has had one or more previous owners before the current possession.

Acceptor

A drawee of a draft who has promised to honor the draft as presented by signing it on its face.