Question

Find the odd word out:

Market structure on the basis of competition

Options

• Perfect competition

• Monopoly

• Oligopoly

• Very Short Period market

Answer 1

Very Short Period market

Explanation:

• Perfect competition, Monopoly, and Oligopoly are all types of market structures based on the degree of competition in the market.
• Very short period market refers to a time-based classification of market, not a structure based on competition.

So, it doesn't belong in the group focused on competition-based market structures.