Firms in Industries That Have Competitors But, at the Same

question 37

Multiple Choice

Firms in industries that have competitors but, at the same time, do not face so much competition that they are price takers, are operating in either a(n) :

• A)oligopoly or perfectly competitive market
• B)oligopoly or monopolistically competitive market
• C)oligopoly or monopoly market
• D)monopoly or monopolistically competitive market

---

Definitions:

Neutral Atom

An atom that has an equal number of protons and electrons, resulting in no overall electric charge.

Protons

Subatomic particles found in the nucleus of atoms, with a positive electric charge.

Electrons

Subatomic particles with a negative charge that circle around an atom's nucleus.

Hydrogen Bonds

A type of weak chemical bond formed when the slightly positive hydrogen atom of one molecule is attracted to the slightly negative atom (such as oxygen or nitrogen) in another molecule.