In Which of the Following Market Structures Do Individual Businesses

question 88

Multiple Choice

In which of the following market structures do individual businesses have control over their products' price because each business supplies a large portion of the products sold in the marketplace?

• A)Monopsony
• B)Monopoly
• C)Oligopoly
• D)Government-granted monopoly
• E)Coercive gambling

---

Definitions:

Accounts Receivable

Receivables from customers for products or services provided by a company, which are yet to be paid.

Bad Debt Reserve

An accounting provision representing the estimate of uncollectible amounts from customers, used to cover potential losses.

Base Cost

The original value or purchase price of an asset for tax purposes, used to determine capital gains or losses.

Salable Item

A product or good that can be sold in the market.