The Market Structure That Is Characterized by a Small Number

question 67

Multiple Choice

The market structure that is characterized by a small number of large firms that have some market power is called:

• A)perfect competition.
• B)monopolistic competition.
• C)oligopoly.
• D)monopoly.

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Definitions:

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A feeling of discontent or covetousness with regard to another's advantages, success, or possessions.

Admiration

A feeling of respect and admiration for someone or something, often because of their qualities or achievements.

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