Economics · Economy

If entry barriers suddenly disappear in a monopoly market, the market structure will most likely transform into:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Bilateral monopoly
2Oligopoly
3Monopolistic competition✓
4Perfect competition

Correct answer

Monopolistic competition

Download Single Question PDF

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Share with Friends & Study Groups

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Preparing for Economics?

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Start Free Mock Test →

Chapter Practice

Want more practice questions on Economy?

Solve complete topic-wise tests with detailed solutions on GkGet.

Practice Economy MCQs →

Recommended practice questions in Economics · Economy

Browse More Economics →

Which of the following events is considered a major turning point that fueled Indian nationalism during British rule due to its brutal nature and widespread condemnation?

Solve Question→

Which of the following events is considered the first major peasant uprising against the British in India?

Solve Question→

Who led the Non-Cooperation Movement in India?

If entry barriers suddenly disappear in a monopoly market, the market structure will most likely transform into:

Download Single Question PDF

Share with Friends & Study Groups

Preparing for Economics?

Practice by Subject

Practice by Exam

Topic-Wise Solved Questions

If entry barriers suddenly disappear in a monopoly market, the market structure will most likely transform into:

Download Single Question PDF

Share with Friends & Study Groups

Preparing for Economics?

Related Practice Questions

Practice by Subject

Practice by Exam

Topic-Wise Solved Questions