In large cities there are streets where many sellers of similar hot foods compete for sales. Which type of market structure does this represent?

A.
monopoly
B.
monopolistic competition
C.
oligopoly
D.
perfect competition
Economics
IGCSE&ALevel
CAIE
Exam No:9708_w21_qp_31 Year:2021 Question No:7

Answer:

B

Knowledge points:

7.6.1 perfect competition and imperfect competition: monopoly, monopolistic competition, oligopoly, natural monopoly

Solution:

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