Market consisting of few firms producing similar products

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Reference no: EM131101579

1. A market consisting of many firms, low barriers to entry, some control over price, but considerable non-price competition is characteristic of:

a. Perfect competition b.Monopoly c.Monopolistic competition d.Oligopoly e.None of the above.

2. A market consisting of a few firms producing similar products with significant barriers to entry is characteristic of:

a. Perfect completion. b.Monopoly c.Monopolistic competition. d.Oligopoly e.None of the above

Reference no: EM131101579

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