Consider the two perceived demand curves shown in the graph. A graph with price on the vertical axis and quantity on the horizontal axis.
The graph contains two line that intersect.
Line A is perfectly horizontal and line B is downward sloping.
Select the statement that best describes the market structure of each:
a. A is oligopoly, and B is monopoly.
b. Both are monopolies.
c. Both are perfect competition.
d. B is perfect competition, and A is monopoly.
e. A is perfect competition, and B is monopoly
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Home » Business » Consider the two perceived demand curves shown in the graph. A graph with price on the vertical axis and quantity on the horizontal axis. The graph contains two line that intersect. Line A is perfectly horizontal and line B is downward sloping.