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:

Structural Means

The arrangements or mechanisms within a society that facilitate the accomplishment of societal norms, goals, or purposes.

Structural Inequality

Describes systemic disparities in access to resources, opportunities, and rights that are embedded within the social, political, and economic structures of a society.

Functional

Pertains to the way in which something is used or operates, often focusing on the role that an element or process plays within a larger system.

Structural Functionalism

A viewpoint in sociology that sees society as an intricate system in which its components cooperate to foster unity and maintain equilibrium.