When Gap Stores Get an Exclusive Contract to Sell Uniforms

question 51

Multiple Choice

When Gap Stores get an exclusive contract to sell uniforms to your old high school,it is an example of:

• A) monopolistic competition.
• B) oligopolistic competition.
• C) pure monopoly.
• D) pure competition.
• E) perfect competition.

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Definitions:

Divisional Grapevine

Informal and unofficial channels of communication within a specific division or area of an organization.

Mum Effect

Occurs when people are reluctant to communicate bad news.

Retribution

The infliction of punishment or penalty in response to wrongdoing, often seen as a form of justice.

Personal Mistakes

Errors or poor decisions made by an individual, often leading to learning opportunities.