The Four Major Competitive Structures Are

question 37

Multiple Choice

The four major competitive structures are

• A) monopolies, oligopolies, oligopolistic monopolies, and pure competition.
• B) pure competition, heavy competition, moderate competition, and light competition.
• C) brand, product, total budget, and generic.
• D) oligopolies, monopolies, monopolistic competition, and pure competition.
• E) monopolies, limited competition, oligopolistic competition, and pure competition.

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Definitions:

Broad Niche

An ecological concept referring to the ability of a species to tolerate a wide range of environmental conditions and use varied resources, allowing it to live in many different habitats.

Specialist Species

Organisms that can thrive only in a narrow range of environmental conditions or have a limited diet due to specialized needs.

Biopharming

The process of using genetically modified plants or animals to produce pharmaceuticals and other substances such as antibodies or vaccines.

Genetically Engineered

The alteration of the genetic makeup of an organism using biotechnology to include traits that are not naturally found in the organism.