Other Things Being Equal, Which Market Structure Would Produce the Least

question 230

Multiple Choice

Other things being equal, which market structure would produce the least output and the highest average product price?

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

---

Definitions:

Andrew Jackson

The seventh President of the United States (1829–1837), known for his populist policies and for founding the Democratic Party.

Blacks

A term historically used to refer to individuals of Sub-Saharan African descent, now more commonly referred to as African Americans or Black people in the context of the United States.

Indians

Indigenous peoples of the Americas; often referred to in contexts related to the original inhabitants of the land prior to European colonization.

Independent Treasury

A system used by the United States in the 19th century whereby the government managed its own funds independently of the national banking and financial systems.