Companies Delivering Mixed Concrete Know That It Cannot Be Shipped

question 183

Multiple Choice

Companies delivering mixed concrete know that it cannot be shipped farther than twenty-five miles because the concrete might harden in the truck. Citrus County Concrete Company is the only supplier of mixed concrete to customers within a thirty-mile radius. Citrus County Concrete is an example of a(n) :

• A) monopoly.
• B) oligopoly.
• C) monopolistic competition.
• D) pure competition.
• E) monopsony.

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Definitions:

Materials Ledger Card

A record-keeping document used in inventory management that tracks the quantities, costs, and transactions related to a particular inventory item.