To Keep a Market from Being Contested,firms Might

question 48

Multiple Choice

To keep a market from being contested,firms might

• A)Increase their concentration ratio.
• B)Practice price discrimination.
• C)Match price reductions by rivals.
• D)Seek to obtain a monopoly franchise from the government.

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Definitions:

Fans

Mechanical devices with blades that rotate to create air flow for ventilation or cooling purposes.

Commercial Applications

Refers to the use of equipment, technology, or services in business settings, ranging from small enterprises to large industrial operations.

Industrial Building

A structure designed for the manufacturing, processing, and handling of goods and materials.

Phase Motors

Electric motors that operate on polyphase electric currents, typically used for their efficiency and power capabilities.