Considering the Relevant Market Structures, Which Is an INCORRECT Statement

question 67

Multiple Choice

Considering the relevant market structures, which is an INCORRECT statement?

• A) In a perfectly competitive situation, there is an extremely large number of firms.
• B) In pure monopoly, there is only one firm.
• C) In monopolistic competition, there is a large number of firms.
• D) In any market situation, the number of firms is not very important.

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Definitions:

Main() Function

The primary entry point of a program in many programming languages, where execution begins.

Return Statement

A statement in programming that ends the execution of a function and may return a value to the caller of the function.

Syntax

The set of rules that defines the combinations of symbols that are considered to be correctly structured programs or expressions in a programming language.

Grammar

The set of rules that govern the structure of sentences in a language.