Question

Which market type is most beneficial to consumers?

A. monoply
B. oligopy
C. purely competitive

Answer 1

C. purely competitive

Step-by-step explanation:

In a purely competitive market, the prices are determined by the consumer's demand, this kind of marked leaves the power in hands of the consumers because all firms produce a standardized product and therefore they don't have influence over the market price, contrary to oligopoly or monopoly.

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Answer 2

"Purely competitive" is the market type among the following choices given in the question that is most beneficial to consumers. The correct option among all the options that are given in the question is the third option or option "C". I hope that this is the answer that has come to your desired help.