Which of the Following Market Structures Will Have Lower Output

question 38

Multiple Choice

Which of the following market structures will have lower output in the long run than perfect competition,ceteris paribus?

• A)Monopolistic competition,but not oligopoly or monopoly.
• B)Monopolistic competition,oligopoly,and monopoly.
• C)Monopolistic competition and oligopoly,but not monopoly.
• D)Oligopoly and monopoly,but not monopolistic competition.

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Definitions:

Maternal Relatives

Family members related through one's mother, including grandparents, aunts, and uncles on the mother’s side.

Sexual Orientation

An enduring sexual attraction toward members of either one’s own sex (homosexual orientation) or the other sex (heterosexual orientation).

Birth-Order Effect

A psychological theory suggesting that one's rank in their sibling hierarchy influences their personality and behavior.

Sexual Orientation

An enduring pattern of emotional, romantic, and/or sexual attractions to men, women, or both sexes.