An Industry in Which a Few Firms Produce Most or All

question 169

Multiple Choice

An industry in which a few firms produce most or all of the output of a product and in which large amounts of capital are needed is called a(n) :

• A)perfect competition
• B)imperfect competition
• C)monopoly
• D)monopolistic competition
• E)oligopoly

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Definitions:

Industry to Industry

Transactions or interactions that occur between businesses within the same industry, often related to supply chain, services, or B2B sales.

Organizational Risk Management

The systematic process of identifying, assessing, managing, and monitoring potential risks that could impact an organization's operations, reputation, or objectives.

Supply Decisions

Decisions relating to the procurement, management, and distribution of supplies or materials.

Downside Risks

The potential negative outcomes or losses that may occur as a result of an investment or decision.