A market situation in which there are a few large firms is called
A) monopolistic competition.
B) imperfect competition.
C) oligopoly.
D) monopoly.
C
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Use the following diagrams for the U.S. economy to answer the next question.Which of the diagrams best portrays stagflation?
A. Graph A B. Graph B C. Graph C D. Graph D
If regulations create barriers to entry in an industry, the result can be _____
a. efficiency b. monopoly c. monopsony d. higher output
A primary function of a central bank is to
A) regulate dividend payments by corporations. B) control the bond market. C) set monetary policy. D) publish statistics on banking and related financial matters.
Which of the following has the greatest difference between short-run and long-run price elasticities of demand?
a. automobiles
b. jewelry
c. movies
d. salt