A market with significant barriers to entry and a single price-setting firm. A market with no barriers to entry and a large number of price-taking firms. A market with no barriers to entry and a large number of price-setting firms. A market with significant barriers to entry and a small number of price-setting firms. :: oligopoly :: monopoly : perfect competition :: monopolistic competition
A market with significant barriers to entry and a single price-setting firm. A market with no barriers to entry and a large number of price-taking firms. A market with no barriers to entry and a large number of price-setting firms. A market with significant barriers to entry and a small number of price-setting firms. :: oligopoly :: monopoly : perfect competition :: monopolistic competition
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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