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In which of these continuums of degrees of competition (lowest to highest) is oligopoly properly placed? pure monopoly, monopolistic competition, oligopoly, pure competition Oligopoly, pure competition, monopolistic competition. pure monopoly monopolistic competition, pure competition. pure monopoly, oligopoly pure monopoly, oligopoly, monopolistic competition, pure competition
In which of these continuums of degrees of competition (lowest to highest) is oligopoly properly placed? pure monopoly, monopolistic competition, oligopoly, pure competition Oligopoly, pure competition, monopolistic competition. pure monopoly monopolistic competition, pure competition. pure monopoly, oligopoly pure monopoly, oligopoly, monopolistic competition, pure competition
Final answer:The correct order of market types from least togreatest competition is: pure monopoly, oligopoly, monopolistic competition, and pure competition. A pure monopoly has only one firm, an oligopoly has a few dominant firms, monopolistic competition has many firms selling similar products, and pure competition has many firms selling identical products.Explanation:If we analyzecompetitionin terms of how many firms operate within a given market, the correct order from least to greatest competition would be:pure monopoly,oligopoly, monopolistic competition, and pure competition.Pure monopolystands at one extreme, representing a scenario where only one company controls the entire market for a product or service. Next, anoligopolyinvolves a small number of large firms that have most of the market share, such as the automobile industry or cable television. This is followed by monopolistic competition, where many firms sell similar but not identical products. Finally, at the opposite end of the spectrum lies pure competition, wherein many firms are all trying to sell identical products, and hence competition is at its highest.Learn more about Degrees of Competition here:brainly.com/question/34696578#SPJ11...