Which of the Following Market Structures Has the Highest Barriers

question 117

Multiple Choice

Which of the following market structures has the highest barriers to entry?

• A) Perfect competition
• B) Monopoly
• C) Monopolistic competition
• D) Oligopoly

---

Definitions:

Sales Returns

Sales returns refer to the process of refunding a customer for the return of goods, which results in a reduction of revenues on the seller's financial statements.

Sales Discounts

Reductions from the listed price given by a seller to a buyer as an incentive to purchase.

Expense Accounts

These accounts are used to track the money spent or costs incurred in a company's operations.