A commodity market has a _________ structure, if there is one seller of the commodity, the commodity has no substitute, and entry into the industry byanother firm is prevented.1). Perfect Competition2). Monopoly3). Oligopoly4). Monopolistic Competition

A commodity market has a _________ structure, if there is one seller o

1.	A commodity market has a _________ structure, if there is one seller of the commodity, the commodity has no substitute, and entry into the industry byanother firm is prevented.1). Perfect Competition2). Monopoly3). Oligopoly4). Monopolistic Competition
Answer» OPTION 2 is the RIGHT ANSWER