Which of the following is the most competitive market structure?

Question 35 options:

	Monopolistic competition
	Monopoly
	Oligopoly
	Perfect competition

Question 36 (1 point)

Which of the following is NOT correct about patents?

Question 36 options:

	Patents encourage invention of new products.
	A patent is a barrier to entry.
	Patents enable a firm to be a permanent monopoly
	Patents stimulate innovation.

Question 37 (1 point)

The flows in the market economy that go from firms to households are . The flows in the market economy that go from households to firms are .

Question 37 options:

	the real flows of goods and services and the income flows of wages, rent, interest and profits; the real flows of labour, land, capital and entrepreneurship and the flow of expenditure on goods and services
	all flowing through goods markets; all flowing through factor markets
	all flowing through factor markets; all flowing through goods markets
	the income flows of wages, rent, interest, and profits and the flow of expenditure on goods and services; the real flows of goods and services and the real flows of labour, land, capital and entrepreneurship