Use Your Basic Knowledge and Your Understanding of Market Structures

question 164

Multiple Choice

Use your basic knowledge and your understanding of market structures to answer this question. Which of the following companies most closely approximates a differentiated oligopolist in a highly concentrated industry?

• A)Subway Sandwiches
• B)Pittsburgh Plate Glass
• C)Ford Motor Company
• D)Kaiser Aluminum

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Definitions:

Rods

Photoreceptor cells in the retina that are highly sensitive to low levels of light and are important for night vision.

Periphery

The outer limits or edge of an area or object, often referring to areas situated away from a central point.

Sensitivity

The ability to detect or respond to slight changes, signals, or influences.

Rods

Photoreceptor cells in the retina of the eye that are sensitive to low light levels, enabling night vision.