An industry characterized by only a few firms in the market is called:
a. a monopoly
b. monopolistic competition.
c. an oligopoly.
d. perfect competition.
c
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What is the difference between the Keynesian and rational expectations theories concerning the success of stabilization policy?
The substantial increases in output per worker over the last 50 or so years are largely explained by __________
Fill in the blank(s) with correct word
When people are fully informed about the choices that they and other relevant economic actors face, we say they:
A. will always be willing to go through with the transaction. B. will always try to hide that information to gain advantage. C. have relevant information. D. have complete information.
Government payment of a per-unit subsidy for health care services causes the out-of-pocket price that consumers pay for care to be
A) less than the price that health care providers receive for providing care. B) greater than the price that health care providers receive for providing care. C) greater than the market clearing price without the subsidy. D) equal to zero.