A Market Structure in Which a Small Number of Firms

question 44

Multiple Choice

A market structure in which a small number of firms compete is called _______.

• A) a small- number market
• B) a monopoly
• C) an oligopoly
• D) monopolistic competition

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Definitions:

Promotions

The act of advancing someone to a higher position or rank, often as recognition for their performance.

Job Evaluations

A systematic process to determine the relative worth of jobs within an organization, often used to establish fair compensation.

Superior

Refers to something that is above average in quality or performance; often used to describe a higher rank or excellence.

Inferior

Describing something of lower quality, value, or importance in comparison to another.