What is the difference between a monopoly and an oligopoly?
a. An oligopoly is one firm controlling all of the market of a product, whereas a monopoly is several firms controlling much of the market of a product.
b. A monopoly is one firm producing many different products and controlling much of the business market, whereas an oligopoly is one firm producing one product and controlling most of the business market.
c. A monopoly is one firm controlling all of the market of a product, whereas an oligopoly is several firms controlling much of the market of a product.
d. An oligopoly is one firm producing many different products and controlling much of the business market, whereas a monopoly is one firm producing one product and controlling most of the business market.
e. A monopoly is when one business controls at least 50 percent of an industry, whereas an oligopoly is when several businesses control at least 50 percent.
C
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Which famous political/military leader was tutored by Aristotle?
All of the following were features of the Fatimid dynasty EXCEPT
A) the founding of Cairo. B) territorial expansion by military force. C) the separation of the religion and government. D) the belief that the rulers were the infallible representatives of God on earth. E) massive urban construction projects.
What was the primary economic reason for construction of the railroads in India?
a. To improve good will between the British government and Indian people b. To create jobs in India c. To speed up the export of Indian raw materials to Britain d. To speed up the export of Indian finished goods to Britain e. To bring rural workers to urban factories
How did the Democrats and Republicans feel about federal tariffs in the 1880s?
A) Republicans wanted to lower the tariff so that Americans could spend more, but Democrats wanted to keep the tariff to pay for infrastructure. B) Both Democrats and Republicans wanted the tariff to be lowered, but for different reasons. C) Democrats wanted to lower the tariff, but Republicans felt that this undermined American business. D) Republicans wanted to raise the tariff to boost business, but Democrats felt that the tariff should remain as it was. E) Democrats wanted to raise the tariff in order to fund public education, but Republicans wanted to lower the tariff in order to boost business.