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What is the term for a market structure with many buyers and many sellers?

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Question: What is the term for a market structure with many buyers and many sellers?

Options:

  1. Monopoly
  2. Oligopoly
  3. Perfect competition
  4. Monopsony

Correct Answer: Perfect competition

Solution: 

Perfect competition is characterized by many buyers and many sellers in the market.

What is the term for a market structure with many buyers and many sellers?

Practice Questions

Q1
What is the term for a market structure with many buyers and many sellers?
  1. Monopoly
  2. Oligopoly
  3. Perfect competition
  4. Monopsony

Questions & Step-by-Step Solutions

What is the term for a market structure with many buyers and many sellers?
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