31.Which of the following markets have the fewest number of firms? A. Monopoly B. Perfect competition C. Oligopoly D. Monopolistic competition
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Solution 1
The market with the fewest number of firms is A. Monopoly. In a monopoly, there is only one firm controlling the entire market. This is in contrast to perfect competition, where there are many firms, oligopoly, where there are a few firms, and monopolistic competition, where there are many firms but Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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