Which market structure has the largest number of suppliers?
Understand the Problem
The question is asking about different types of market structures in economics and specifically which one has the highest number of suppliers in the market. This typically relates to concepts like perfect competition, monopolistic competition, oligopoly, and monopoly.
Answer
Perfect competition
The final answer is perfect competition.
Answer for screen readers
The final answer is perfect competition.
More Information
Perfect competition is characterized by a large number of small firms all offering homogenous products, making it the market structure with the largest number of suppliers.
Sources
- Which of the following market structures has the largest number of sellers? - homework.study.com
- A Guide to Types of Market Structures - Aurora Online - online.aurora.edu
- Market Structure: Definition, 4 Types and Examples | Indeed.com - indeed.com
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