A Market Dominated by a Small Number of Firms Is

question 141

Multiple Choice

A market dominated by a small number of firms is called a(n) :

• A) oligopoly.
• B) natural monopoly.
• C) monopoly.
• D) network market.

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Definitions:

Aerobic Exercise

Fitness activities that increase heart rate and lung capacity, leading to improved endurance and energy.

Oxygen Consumption

The rate at which oxygen is used by tissues or organs in the body, indicative of metabolic activity and energy expenditure.

Organic Fitness

A holistic approach to fitness that emphasizes natural methods of maintaining physical health, such as nutrition and active lifestyles, without depending heavily on artificial or mechanical means.

Exercise Stress Test

A diagnostic test used to evaluate the heart's response to physical exertion, often involving walking or running on a treadmill, to detect cardiovascular problems.