question archive Which of the following is the term used to judge monopolies based on the actions of the firm rather than the market share? a) Structuralists b) Behavioralists c) Monopolists d) Marketists
Which of the following is the term used to judge monopolies based on the actions of the firm rather than the market share? a) Structuralists b) Behavioralists c) Monopolists d) Marketists
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Which of the following is the term used to judge monopolies based on the actions of the firm rather than the market share?
a) Structuralists
b) Behavioralists
c) Monopolists
d) Marketists
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There are various approaches that one can choose to view a market to determine the type of market structure. To determine whether a firm is a monopoly based on its actions, we focus on its behavior. From how it gets to price its products, the competition it faces, and the type of goods it gets to serve the market with.
The right answer is, therefore (B).
