The Cell-Phone Market Can Be Considered A(n)________ Because ________

question 184

Multiple Choice

The cell-phone market can be considered a(n) ________ because ________.

• A) oligopoly; there are large profits for the firms that dominate the market
• B) monopoly; Apple makes the largest profit in the market
• C) monopolistically competitive market; the few firms make a profit and produce a variety of phones
• D) oligopoly; there are few barriers to entry
• E) monopolistically competitive market; the firms charge a markup over marginal cost

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Math-Intensive Major

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