A Market Structure in Which a Small Number of Firms

question 271

Multiple Choice

A market structure in which a small number of firms compete is called

• A) a monopoly.
• B) a small-number market.
• C) an oligopoly.
• D) monopolistic competition.

Understand the concept of financialization and its impact on labor.

Understand the principles and impact of scientific management in the 20th and 21st centuries.

Recognize the evolution, benefits, and limitations of job control unionism.

Analyze the shift from mass manufacturing to flexibility and innovation in workplace organization and management.

---

Definitions:

Spreadsheet App

Software that allows users to organize, analyze, and store data in tables, and supports complex calculations, graphical displays, and data management.

Monthly Expenses

Recurring expenses incurred every month, such as rent, utilities, and groceries, part of personal or business financial planning.

Word Processor

A software application designed for creating, editing, and formatting text documents.

Productivity Suite

A collection of software applications typically including word processing, spreadsheets, presentations, and email management, used to produce work or conduct tasks.