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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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1 vote
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 Bwyss
by
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1 Answer

2 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 Dennise
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