An industry with a large number of firms, differentiated products, and free entry and exit is called
A) perfect competition.
B) monopolistic competition.
C) oligopoly.
D) monopoly.
E) monopolistic oligopoly.
B
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Some states require that unions represent non-union workers who don't pay dues in their collective bargaining negotiations
Explain using economic logic how this might result in fewer unions than would otherwise be the case if these types of laws did not exist.
China's capital market is:
a. efficient because it lends to large companies b. is comprised of private lenders who are willing to led for long maturities c. noted for lending based on political considerations d. does not discriminate between public and private borrowers e. none of the above
One World View article is titled "Glaring Inequalities." Of the countries listed, the greatest inequality in the distribution of income is likely to occur in
A. Canada. B. Namibia. C. Sweden. D. The United States.
Describe the difference between technology and positive technological change
What will be an ideal response?