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Questions and Answers
Which market structure has many buyers and sellers and no barriers to enter or exit the market?
Which market structure has many buyers and sellers and no barriers to enter or exit the market?
- Oligopoly
- Perfect competition (correct)
- Monopoly
- Monopolistic competition
Which market structure has a single seller of a differentiated product and high barriers to entry?
Which market structure has a single seller of a differentiated product and high barriers to entry?
- Oligopoly
- Monopoly (correct)
- Monopolistic competition
- Perfect competition
Which market structure is considered a theoretical ideal?
Which market structure is considered a theoretical ideal?
- Oligopoly
- Perfect competition (correct)
- Monopolistic competition
- Monopoly
What type of market structure can be seen in the real world as natural monopolies?
What type of market structure can be seen in the real world as natural monopolies?
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What does the government often do to ensure regulations and promote competition in the market?
What does the government often do to ensure regulations and promote competition in the market?
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