If the Efficient Scale of Production Only Allows Three Firms

question 79

Multiple Choice

If the efficient scale of production only allows three firms to supply a market,the market is a

• A)three-firm monopoly.
• B)cost-based oligopoly.
• C)natural oligopolgy.
• D)monopolistic competition.
• E)competitive monopoly.

---

Definitions:

Transactional Leadership

Transactional Leadership is a style of leadership that focuses on supervision, organization, and performance; leadership is based on a system of rewards and punishments.

Stewardship

The responsible management and care of something, often referring to the wise use and protection of resources or property for the benefit of future generations.

Servant Leadership

A leadership approach where the primary objective of the leader is to be of service, distinguishing it from conventional leadership focused on the prosperity of their company or organization.

Authentic Leadership

A leadership approach characterized by leaders who are self-aware, genuine, and transparent, fostering trust and integrity.