An industry comprised of 40 firms, none of which has more than 3 percent of the total market for a differentiated product, is an example of:
A. monopolistic competition.
B. oligopoly.
C. pure monopoly.
D. pure competition.
Answer: A
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Using the Figure 13.3 above explain why this firm could not possibly represent a monopolist. What type of firm is represented by this graph and why?
What will be an ideal response?
Conflict resolution of the stockholder-lender conflict in larger banking-oriented firms is most effectively accomplished by
A) financial intermediation (monitoring). B) financial intermediation (ownership consolidation). C) corporate governance. D) None of the above.
The Doing Business reports provide information on ________
A) the size of a country's national debt B) the rate of inflation C) the independence of individual central banks D) how easy it is to conduct business in different parts of the world
A claim on the net income and assets of a corporation is called:
a. an annuity. b. an initial public offering or IPO. c. a share of corporate stock. d. a dividend.