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The following scenario illustrates which of the following market structures? an outdoor market filled with vendors all selling the same thing A. oligopoly B. monopoly C. perfect competition D. monopolistic competition

  • mrsedlack:

    C. Perfect competition

    This is an unlikely scenario in which buyers and sellers all get to be perfectly informed as to all of the present options for quality, price, etc.



All Market Structures Diagrams Four Types Of Market Structur

All Market Structures Diagrams Four Types Of Market Structur

Source: schematicsjiietaf2.z21.web.core.windows.net

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