Which of the Following Exists When an Industry or Market

question 50

Multiple Choice

Which of the following exists when an industry or market has only one producer?

• A) perfect competition
• B) oligopoly
• C) monopoly
• D) communism

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Definitions:

Brym and Lie

A reference to authors of sociological texts, known for their contributions to the understanding of social phenomena and structures.

Solidarity Theory

Suggests that social movements are social organizations that emerge when potential members can mobilize resources, take advantage of new political opportunities, and avoid high levels of social control by authorities.

Power Struggle

A conflict or competition for authority and control among individuals or groups.

Disadvantaged Groups

This refers to segments of the population that experience inequality, lack of access to resources, or societal marginalization, often due to systemic factors like racism, sexism, or economic disparities.