A Market Structure in Which There Is One Large Firm

question 28

Multiple Choice

A market structure in which there is one large firm that has a major share of the market and many smaller firms supplying the remainder of the market is called:

• A) the Stackelberg Model.
• B) the kinked demand curve model.
• C) the dominant firm model.
• D) the Cournot model.
• E) the Bertrand model.

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Definitions:

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