Business, 22.09.2020 08:01 nyjaelynn

As input for a presentation that you are jointly authoring, one of your marketing analysts submitted the following summary of the characteristics of the four different types of market structures companies compete in: Competitive Structure Number of Competitors Market Barriers to Entry Monopolistic Competition Unlimited No Barriers Monopoly Few Some Barriers Pure Competition Many Few Barriers Oligopoly One Many Barriers With respect to the classifications of number of competitors and barriers to entry, which one of the following statements is correct? a. The monopolistic competition structure is properly classified. b. The pure competition and oligopoly structures are properly classified. c. The oligopoly structure is properly classified. d. The monopoly structure is properly classified. e. The monopoly and oligopoly structures’ classifications should be reversed.

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