Answered

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Which of the following are considered to be the four basic market structures in economics?

A. Oligopolistic competition
B. Monopoly
C. Oligopoly
D. Capitalism
E. Perfect competition
F. Communism
G. Monopolistic competition

Sagot :

GinnyAnswer

Final answer:

The four basic market structures in economics are perfect competition, monopoly, monopolistic competition, and oligopoly.


Explanation:

The four basic market structures in economics are perfect competition, monopoly, monopolistic competition, and oligopoly. Perfect competition involves many firms producing homogeneous products, while monopoly has a single firm dominating the market. Monopolistic competition and oligopoly are intermediate structures with differentiated products and a few firms, respectively.


Learn more about market structures in economics here:

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