HomeKROK Question Archive
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

  1. Monopolistic competition
  2. Oligopoly
  3. Economic planning
  4. Pure competition
  5. Pure monopoly
Correct answer

Pure competition

This educational archive is provided by KROKEXAM and is not an official testing authority publication.