Which Degree of Competition Exists Where the Number of Firms

question 92

Multiple Choice

Which degree of competition exists where the number of firms in the industry is large,all the firms are small,and the products produced are virtually identical?

• A)Monopoly
• B)Perfect competition
• C)Oligopoly
• D)Monopolistic competition
• E)Duopoly

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Definitions:

Spinal Cord

The long, thin, tubular structure made up of nervous tissue, which extends from the brainstem down the back, and is responsible for transmitting neural signals between the brain and the rest of the body.

Brainstem

The lower extension of the brain where it connects to the spinal cord, involved in regulating vital functions such as heart rate, breathing, and sleep cycles.

Spinal Cord

The major bundle of nerves running down the spine, connecting the brain to the rest of the body, responsible for transmitting sensory and motor information.