______________ Include U

question 102

Multiple Choice

______________ include U.S.automobile manufacturers (referred to as the "Big Three") and cereal companies (three of which own 77 percent of the market) .

• A)Shared monopolies
• B)Conglomerates
• C)Monopolies
• D)Oligopolies

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Definitions:

Federal Reserve System

The central banking system of the United States, responsible for implementing monetary policy and ensuring financial stability.

Countercyclical Fiscal Policy

It's a macroeconomic policy strategy aimed at reducing the effects of economic cycles by employing fiscal measures, such as increasing spending or cutting taxes in a downturn.

Niche Markets

Segments of a larger market defined by unique preferences, characteristics, or needs of its audience, often requiring specialized products or services.

Industry Consolidation

The process by which fewer companies control a greater share of the industry, often leading to reduced competition.