In Which of These Continuums of Degrees of Competition (Lowest

question 28

Multiple Choice

In which of these continuums of degrees of competition (lowest to highest) is oligopoly properly placed?

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

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Definitions:

Glass

A hard, brittle substance typically transparent or translucent, made by fusing sand with soda, lime, and sometimes other ingredients and cooling it quickly.

Conscious Decision

A choice or resolution made with full awareness and intention, involving deliberate thought and consideration.

Unconscious Decision

A decision made by the mind without one's conscious awareness, often influenced by deep-seated desires or conditioning.

Satisfying

Referring to something that fulfills expectations, needs, or desires adequately.