Solve the MCQS no Explanation Please:

Market of wheat and milk is representative of which market structure

Monopoly

Oligopoly

Monopolistic competition

Perfect competition

Duopoly is the simplest type of -----------

Monopoly

Oligopoly

Monopolistic competition

Perfect competition

When firms in an oligopoly individually choose production to maximize profit, they produce a quantity of output --------- the level produced by monopoly and --------- the level produced by competition.

Less than. Greater than

Greater than, less than

Equal, less than

Less than, equal

As the number of sellers in an oligopoly grows larger, an oligopolistic market looks more and more like a --------- market

Monopoly

Oligopoly

Competitive

None of the above

-------- is an agreement among oligopolistic firms in a market about quantities to produce or prices to charge

Collusion

Cartel

Self interest

None of the above

Game theory is solely applicable on ------------- market structure

Monopoly

Oligopoly

Monopolistic competition

Perfect competition