Which market holds more firms?

Exercise and reference answers

Questions

1. A

   Perfect competition

   B

   Oligopoly

   Higher value

   Perfect competition

2. A

   Pure monopoly

   B

   Monopolistic competition

   Higher value

   Monopolistic competition

3. A

   Oligopoly

   B

   Pure monopoly

   Higher value

   Oligopoly

4. A

   Monopolistic competition

   B

   Perfect competition

   Higher value

   Perfect competition

5. A

   Perfect competition

   B

   Pure monopoly

   Higher value

   Perfect competition

Instructions

Tap the market structure that holds the larger number of firms.

Explanation