Oligopoly Occurs When

question 105

Multiple Choice

Oligopoly occurs when

• A)a few firms sell many different products.
• B)a few firms sell to a few large buyers.
• C)many firms dominate a single market.
• D)a few firms dominate a single market.

---

Definitions:

Heterozygous

Referring to an organism that has two different alleles for a specific gene.

Incomplete Dominance

A genetic situation where neither allele dominates and the phenotype is a blend or mixture of the parental traits.

Albinism

A group of genetic disorders characterized by a lack or decrease in the pigment melanin in the skin, hair, and eyes.

Recessive Trait

A genetic characteristic that is expressed in offspring only when inherited from both parents, hidden when a dominant trait is present.