For unlimited access to Homework Help, a Homework+ subscription is required.
In which of the following market models do demand and marginal revenue diverge?
A. pure monopoly, oligopoly, and monopolistic competition
B. pure monopoly, oligopoly, and pure competition
C. pure monopoly only
D. oligopoly only
In which of the following market structures can firms be price makers?
Define these market structures of pure competition, monopoly, monopolistic competition, and oligopoly?