Question

Firms in which market structure hold the most market power? monopolistic competition monopoly oligopoly perfect competition

Answer 1

Monopoly. A good way to remember this is that "mono" means "one" so, they are always #1 when it comes to market power.

Answer 2

Answer: The answer is monopoly.

Monopoly is the firms in which market structure hold the most market power.

Explanation: Monopoly refers to market structure where there is a single seller offering or selling goods and services to the public. These goods or products are unique and the seller does not face competition because he is the only seller of the goods with no close substitute. In a monopolistic market, monopolies have information which is unknown to other sellers.