Because Most Communities Have a Large Number of Similar but Not

question 171

Multiple Choice

Because most communities have a large number of similar but not identical substitutes, the market for florists is best considered:

• A) a monopoly.
• B) an oligopoly.
• C) monopolistically competitive.
• D) perfectly competitive.

---

Definitions:

Enterprise Firewall

A security system designed for protecting the networks of large organizations by monitoring and controlling incoming and outgoing network traffic based on predetermined security rules.

IP Address

Internet Protocol Address, a numeric label assigned to each device connected to a computer network that uses the Internet Protocol for communication.

SaaS

Stands for Software as a Service, a cloud computing offering that provides users with access to a vendor's cloud-based software.

E-Mail Hosting

A service that provides and manages email servers, allowing individuals and organizations to have customized email addresses.