Economics 9708 · AS & A Level · 7.6

7.6 — practice question

One firm within an industry changes its output, yet this does not influence the market price of the product. If the price is always at the level that clears the market, how would an economist classify this industry?

  • Aimperfect competition
  • Bmonopoly
  • Coligopoly
  • Dperfect competition

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