Which of the Following Is Reflective of Oligopolistic Competition

question 119

Multiple Choice

Which of the following is reflective of oligopolistic competition?

• A)A large number of companies sell silver in a market where the price of silver is determined by demand and supply.
• B)Ramsons is the sole supplier of military binoculars in the market.
• C)Hundreds of firms make wristwatches, and the market is highly differentiated.
• D)Pure Diamonds controls the diamond market as it is the only supplier of diamonds.
• E)A price war occurs between Comfort Airlines and Air Secure, the only two airlines in the market.

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Definitions:

Duplicate

To create a copy of an item or document, maintaining its original properties and content.

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Cut Button

An interface element that removes the selected digital object or text from its current location, storing it temporarily for later use.

Right-Justify

The alignment of text or other content to the right margin or edge of a page or container.