Which of the Following Is Not a Basic Kind of Market

question 1

Multiple Choice

Which of the following is not a basic kind of market (competitive) situation?

• A) Pure competition
• B) Oligopoly
• C) Capitalistic competition
• D) Monopolistic competition
• E) Monopoly

---

Definitions:

Prime Rate

The interest rate that commercial banks charge their best customers (usually large corporations) for short-term loans.