An oligopoly
a. exists when a single firm controls an industry and accounts for all sales in a specific market.
b. is a large-scale business organization that is headquartered in one country but operates in many countries, which has the legal power to enter into contracts, buy and sell property, and engage in other business activity.
c. is a situation in which a small number of companies or suppliers control an entire industry or service.
d. is not held accountable by the government and regulatory agencies of the country in which it operates.
Answer: c. is a situation in which a small number of companies or suppliers control an entire industry or service.
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Indicate whether this statement is true or false.
?A similarity between traditional authority and charismatic authority is the
A. both are based onthe belief that appointed or elected political leaders are divine beings
B. both are based on false claims made by individuals
C. both are personal
D. bothpertain to an office
E. bothcome from rules and regulations
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