Question

In which two market structures are prices set mainly by the supply and demand of many buyers and sellers?

a.monopoly and oligopoly
b.oligopoly and perfect competition
c.monopoly and monopolistic competition
d.perfect competition and monopolistic competition

Answer 1

refers to the organization of a market, based mainly on the degree of ... Economists define market structure according to four main characteristics. ... Many producers and consumers- Having a large number of participants in a market helps ... of their products; in such a market, prices are no longer set by supply and demand.

Step-by-step explanation: