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Question
pregunta 41 (1 punto)
the ideal model of a market economy is ____.
○ a ideal competition
○ b perfect competition
○ c market competition
○ d regulated competition
pregunta 42 (2 puntos)
____ occurs when there are only a few sellers or the product is not standardized.
○ a monopolistic competition
○ b imperfect competition
○ c oligopoly
○ d monopoly
igopoly, monopolistic competition, monopoly) with few sellers or non-standardized products, deviating from perfect competition. Oligopoly (few sellers) and monopolistic competition (differentiated products) are subsets of imperfect competition, making it the broad correct answer here.
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igopoly, monopolistic competition, monopoly) with few sellers or non-standardized products, deviating from perfect competition. Oligopoly (few sellers) and monopolistic competition (differentiated products) are subsets of imperfect competition, making it the broad correct answer here.