Which of the following market structures will have higher, Ask an Expert

Economics

Which of the following market structures will have higher prices in the long run than perfect competition?

a. Monopolistic competition and monopoly, but not oligopoly.

b. Oligopoly and monopoly, but not monopolistic competition.

c. Monopoly, but not oligopoly or monopolistic competition.

d. Monopolistic competition, monopoly, and oligopoly.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91233333

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