Arrange the following in descending order on the basis of number of sellers in the Market. A. Duopoly…
Arranging the four market structures in descending order from the largest number of sellers to the smallest number of sellers: (D) Perfect Competition (very large / infinite…
Choose your answer
Arrange the following in descending order on the basis of number of sellers in the Market.
A. Duopoly
B. Oligopoly
C. Monopolistic Competition
D. Perfect Competition
Answer and explanation
Correct answer A
Arranging the four market structures in descending order from the largest number of sellers to the smallest number of sellers: (D) Perfect Competition (very large / infinite number of atomistic sellers) → (C) Monopolistic Competition (large number of differentiated sellers) → (B) Oligopoly (a few interdependent sellers) → and (A) Duopoly (exactly two sellers) (D, C, B, A).
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UGC NET Commerce