Companies Delivering Mixed Concrete Know That It Cannot Be Shipped

question 55

Multiple Choice

Companies delivering mixed concrete know that it cannot be shipped farther than twenty-five miles because the concrete might harden in the truck. Citrus County Concrete Company is the only supplier of mixed concrete to customers within a thirty-mile radius. Citrus County Concrete is an example of which one of the following competitive structures?

• A)Monopoly
• B)Oligopoly
• C)Monopolistic competition
• D)Pure competition
• E)Monopsony

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Definitions:

Time Utility

The increase in customer satisfaction or value achieved by making a good or service available at the precise time it is needed or desired.

Direct-Mail Marketer

A marketing professional or company that specializes in sending promotional materials directly to potential customers through postal or electronic mail.

Quick-Response Retailer

Retailers that use efficient supply chains and data analysis to quickly adjust to market trends and consumer demands.

Home Delivery Retailer

A business that sells products directly to customers and delivers them to their homes.