Which of the Following Industries Would Be Considered an Oligopoly

question 86

Multiple Choice

Which of the following industries would be considered an oligopoly?

• A) The hairdressing industry that has a large number of small firms.
• B) The wheat industry that has a homogeneous product and a large number of suppliers.
• C) The hotel industry that has a differentiated product and a large number of firms.
• D) The supermarket industry that has a small number of large firms.

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Definitions:

Embryonic Development

The process by which an embryo forms and develops, involving cell division, cell differentiation, and morphogenesis.

Invagination

A process in developmental biology where a part of the cell or tissue surface folds inward to form a pocket or pouch.

Organogenesis

The phase of embryonic development concerned with the formation of organs and organ systems.

Embryonic Development

The process by which an embryo forms and develops, involving cell division, growth, and differentiation.