An Oligopoly Market Structure Prevails in an Industry in Which

question 21

Multiple Choice

An oligopoly market structure prevails in an industry in which there are

• A) no barriers to entry.
• B)demand curves that slope upward to the right.
• C)few firms.
• D)conditions that keep individual firms' sales low relative to the market.
• E)no short- or long-run profits.

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Definitions:

Angel Funding

Investment in a startup company by affluent individuals, typically in exchange for ownership equity or convertible debt.

Venture Capital

Financing provided by investors to startups and small businesses with potential for long-term growth.

Business's Weaknesses

Internal factors and characteristics that limit a business's ability to achieve its objectives and reduce its competitive edge.

Simple Business Plan

A straightforward, concise document outlining the core aspects of a business, including objectives, strategies, and financial forecasts.