Foreıgn Trade Deneme Sınavı Sorusu #1380465

What is " imperfect competition "?


Country A supplies for the world market as a whole, leaving country B aside.

The reason of this demand increase is the total demand that constitutes the demand of country.

It is a market structure in which the conditions of perfect competition do not prevail.

It leaves the reason for relatively lower cost/price incountry.

There are many firms producing differentiated commodities.


Yanıt Açıklaması:

Imperfect competition: It is a market structure in which the conditions of perfect competition do not prevail. Imperfect competition can either be in the type of monopoly, oligopoly, monopolistic competition or monopsony, oligopsony, monopsonistic competition. The correct answer is " C ".

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