When there are just a few firms in the industry, the industry structure is most likely to be:
A. a perfectly competitive industry.
B. an oligopoly market.
C. a monopoly market.
D. a natural monopoly market.
Answer: B
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The above figure shows the market for a prescription drug. What is the equilibrium price of the drug? How many doses are purchased? Suppose the government imposes a price ceiling of $1.50 a dose
How many doses are purchased after the price ceiling is imposed?
The goal of the plaintiff is to ________ their ________.
A) maximize; loss B) minimize; loss C) minimize; gain D) maximize; gain
A country could effectively increase its productivity and per capita economic growth rate by ______.
a. promoting larger families b. investing in physical capital c. requiring children to work rather than attend school d. encouraging citizens to consumer their incomes
North Carolina's school choice program gives parents a bigger say over where their children go to school. To help with the choice, parents are mailed a sheet of paper listing the average of the math and reading scores for each school they could apply to. Providing this information is an example of a(n):
A. incentive compatibility problem. B. shadow price. C. push. D. nudge.