Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

What refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market ?

/ Engineering Economy / By
What refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market ?

A. Perfect competition
B. Oligopoly
C. Oligopsony
D. Monopoly