Which of the following market structures will have lower output in the long run than perfect competition, ceteris paribus?

A. Monopolistic competition and oligopoly, but not monopoly.
B. Monopolistic competition, but not oligopoly or monopoly.
C. Oligopoly and monopoly, but not monopolistic competition.
D. Monopolistic competition, oligopoly, and monopoly.


Answer: D

Economics

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JC's music production company provides artists with studio time and a backing band to record with. In providing the rhythm track, JC can employ drum machines or drummers

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Based on past experience, if a country is experiencing hyperinflation, then which of the following would be a reasonable guess?

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Economics