Question

Place the following four types of competition in order from most to least competitive:

Monopolistic Competition, Stackelberg Oligopoly, Monopoly, Cournot Oligopoly

Answer 1

Answer -

The following is the order of four types of competitions from the most to least competetitve level:

1) Stackelberg Olipogy

2) Cournot Olipogy

3) Monopolistic Competetion

4) Monopoly

Explanation-

Stackelberg Oligopoly is a type of competetion where the interaction between the firms is very complex.

Cournot Oligopoly is similar to Monopolistic Competetion but there is more competition in it.

There is no competition in Monopoly due to single seller in the market.

answered by: anonymous