alleryStart learning →Alongside monopolistic competition, the other imperfectly competitive market structure is:
APerfect competition
BBarter exchange
CCalled oligopoly
DPure monopoly
Answer & Solution
Correct answer: C. Called oligopoly
1. Imperfect competition covers the middle of the spectrum.
2. One type of imperfectly competitive market is monopolistic competition.
3. The other type of imperfectly competitive market is oligopoly.
4. Perfect competition and pure monopoly are the two extremes rather than the middle.
_Source: OpenStax Principles of Microeconomics for AP(R) Courses 2e (CC BY 4.0), Ch 10 'Monopolistic Competition and Oligopoly', sections 10.1-10.2_
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