Estimate the Percentage $$50 \% \text { of } 2,340$$ A) $5,850$

question 139

Multiple Choice

Estimate the percentage. $$50 \% \text { of } 2,340$$

• A) \(5,850\)
• B) \(1,150\)
• C) \(234\)
• D) \(585\)
• E) \(11.7\)

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Definitions:

Oligopoly

A market structure characterized by a few companies controlling the majority of market share, which can lead to limited competition.

Perfect Competition

A market structure characterized by many buyers and sellers, homogeneous products, and free entry and exit, leading to an efficient allocation of resources.

Monopoly

A market structure characterized by a single seller controlling a large portion of the market, facing little to no competition.

U.S. Beer Industry

The sector within the United States that involves the production, distribution, and sale of beer.