Ogechi Ventures into a New Business with Few Competitors and Requires

question 111

Multiple Choice

Ogechi ventures into a new business with few competitors and requires a huge investment.Soon after entering the business,one of Ogechi's competitors introduces a price cut that forces Ogechi to reduce the prices of her products as well.In this scenario,Ogechi has ventured into _____.

• A)oligopoly
• B)pure competition
• C)monopoly
• D)monopolistic competition

---

Definitions:

Perpendicular

At an angle of 90 degrees to a given line, plane, or surface or to the ground.

Line

A straight one-dimensional figure having no thickness and extending infinitely in both directions, defined by two points in Euclidean geometry.

Point

A specific location in space defined by coordinates on a graph or plane, often represented as an ordered pair (x, y).

General Form

A standard way of writing something, in mathematics, typically referring to the standard form of an equation.