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A free market economy supports which market structure by establishing antitrust laws and encouraging anyone to become a business owner? O monopolistic competition oligopoly sole proprietorship O monopoly
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21 votes
21 votes
A free market economy supports which market structure by establishing antitrust

laws and encouraging anyone to become a business owner?
O monopolistic competition
oligopoly
sole proprietorship
O monopoly

User Krutik Jayswal
by
2.5k points

1 Answer

22 votes
22 votes

Answer:

monopolistic competition

Step-by-step explanation:

A monopolistic competition is a type of market structure where many suppliers exist, as well as many buyers. What distinguishes it from perfect competition is that the goods and services are heterogeneous, therefore, suppliers are not price takers. Barriers to entry are also low.

User Reos
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