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:

Stockholders

Individuals or entities that own shares in a corporation, giving them partial ownership and possibly voting rights.

Horizontal Merger

A business consolidation that occurs between firms who operate in the same industry, often aimed at creating a more competitive entity with higher market share.

Conglomerate Merger

A merger between companies that operate in entirely different industries.

Supplier

An entity that provides goods or services to another organization involved in a supply chain.