The condition given below describes the various market structures. Write the correct market structure against each of the conditions. (a)Market structure determiner price for the product (b)There...

      

The condition given below describes the various market structures. Write the correct market structure against each of the conditions.
(a)Market structure determiner price for the product
(b)There is free entry and exit.
(c)Market structure with many sellers of different product.
(d)Product involved is homogeneous

  

Answers


Kavungya
(a)Monopoly
(b)Perfect competition
(c)Monopolistic competition
(d)Perfect competition
Kavungya answered the question on September 25, 2019 at 13:01


Next: State the benefits that an investor could derive from a stock exchange market.
Previous: The following balance sheet relates to Jubilee traders. The following transactions took place during the month of April 2011. (i)Received cash Kshs 15,000 from debtors (ii)Paid creditors Kshs...

View More Business Studies Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions