Answered

Get reliable answers to your questions at Westonci.ca, where our knowledgeable community is always ready to help. Explore thousands of questions and answers from knowledgeable experts in various fields on our Q&A platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

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:

https://brainly.com/question/31922577


Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.