The Type of Competitive Structure That Exists in the Case

question 117

Multiple Choice

The type of competitive structure that exists in the case where there are almost no substitutes for a product is a(n)

• A) monopolistic competition.
• B) oligopoly.
• C) pure competition.
• D) monopoly.
• E) noncompetition.

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Definitions:

Osama Bin Laden

The founder of al-Qaeda, a jihadist organization responsible for numerous terrorist attacks, including the September 11, 2001 attacks on the United States.

Gulf War

A conflict that took place in 1990-1991, triggered by Iraq's invasion of Kuwait, leading to a military campaign by coalition forces led by the United States to expel Iraqi troops from Kuwait.

Supreme Court

The highest federal court in the United States, with ultimate judicial authority to interpret and decide upon the constitutionality of laws.