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Which of the following markets is described below? There are many firms in the market; entry into the market is easy; the products produced are similar or identical; and consumers information is imperfect.
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Which of the following markets is described below?

There are many firms in the market; entry into the market is easy; the products produced are similar or identical; and consumers information is imperfect.

A. Perfect competition
B. Monopoly
C. Monopolistic competition
D. Oligopoly

User Flyingjamus
by
7.2k points

2 Answers

3 votes

Answer:

perfect competition

Step-by-step explanation:

took the test

User Zoon Nooz
by
8.7k points
3 votes
Monopolistic Competition i believe is the answer
User Deepali
by
8.6k points
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