Economics · Market Structures
Arrange the following market structures in the correct descending sequence based on the degree of competition among the firms (from highest competition to lowest/no competition): A. Monopoly market B. Monopolistic competition market C. Perfect competition market D. Oligopoly market E. Duopoly market
- 1A, B, C, D, E
- 2C, B, D, E, A✓
- 3C, E, D, A, B
- 4B, C, E, D, A
Correct answer
C, B, D, E, A
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