which type of market typically produces the highest level of output at the lowest price to consumers? a…

which type of market typically produces the highest level of output at the lowest price to consumers? a monopoly b oligopoly c perfect competition d monopolistic competition

which type of market typically produces the highest level of output at the lowest price to consumers? a monopoly b oligopoly c perfect competition d monopolistic competition

Answer

Brief Explanations:

In perfect - competition, there are many firms. Firms are price - takers and produce at the point where marginal cost equals price. This leads to an efficient outcome with high output and low price. Monopolies restrict output to increase price. Oligopolies may collude to limit output. Monopolistic competition has some market power due to product differentiation, which can lead to higher prices compared to perfect competition.

Answer:

C. Perfect competition