Which four of the following are basic market/competitive situations a company might face?

Question

Multiple select question.

Monopolistic competition

Monopoly

Isolationism

Oligopoly

Pure competition

Customer competition

Answer 1

The four basic market/competitive situations a company might face are:

1. Monopolistic competition
2. Monopoly
3. Oligopoly
4. Pure competition

"Isolationism" and "customer competition" are not recognized as standard market structures in economic theory.