Firms in Which of the Following Market Structures Have the Most

question 37

Multiple Choice

Firms in which of the following market structures have the most market power?

• A)monopoly
• B)duopoly
• C)oligopoly
• D)monopolistic competition

---

Definitions:

End Product

The final product resulting from a process, often after a series of intermediate stages or chemical reactions.

Repressor Protein

A negative regulatory protein that inhibits transcription when bound to DNA; some repressors require a corepressor to be active; some other repressors become inactive when bound to an inducer molecule. Compare with activator protein.

Repressible Genes

Genes whose expression is decreased or halted by the presence of a specific substance, often the end product of the gene's pathway.

Negative Control

An experiment or trial that does not include the factor being tested and is used to ensure that the experiment works by way of comparison.