alleryMatch market rank: 1. Most: p. Pure comp 2. Oligo: q. Middle 3. Least: r. Monopoly
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
The correct sequence of market structures from most to least competitive is perfect competition, imperfect competition, oligopoly, and monopoly.
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