A Market Structure with Only a Few Sellers, Each Offering

question 24

Multiple Choice

A market structure with only a few sellers, each offering similar or identical products, is known as

• A)oligopoly.
• B)monopoly.
• C)monopolistic competition.
• D)perfect competition.

---

Definitions:

Elemental Symbol

A one or two-letter notation derived from the Latin name of a chemical element used to represent it in the periodic table, such as H for hydrogen.

Lewis Structure

Lewis structures, also known as Lewis dot diagrams, are a graphical representation of molecules showing how valence electrons are distributed among the atoms and indicating the bonds between atoms.

Nitrogen Gas

A colorless, odorless, tasteless diatomic gas with the chemical formula N2, making up 78% of Earth's atmosphere by volume.

Resonance Structure

Depictions of a molecule showing different possible arrangements of electrons, used to describe delocalization within the molecule.