Exam questionKROK 2Pharmacy ยท 2017
The market can be characterized by the following conditions: there are many sellers and buyers, who have no influence over current prices; similar and interchangeable competing goods are available; there are no price limits. What type of market is it?
Answer options
- Monopolistic competition
- Oligopoly
- Economic planning
- Pure competition
- Pure monopoly
Correct answer
Pure competition
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