31.Which of the following markets have the fewest number of firms? A. Monopoly B. Perfect competition C. Oligopoly D. Monopolistic competition
Question
Solution 1
To determine which of the listed market structures has the fewest number of firms, we need to analyze each type:
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Monopoly: This market structure consists of a single firm that dominates the market. So, there is only one firm.
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Perfect Competition: This type of market includes a large Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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