Which of the Following Would Be Least Likely to Have

question 52

Multiple Choice

Which of the following would be least likely to have market power?

• A) An industry in which there are a small number of producers and low entry barriers.
• B) An industry in which there are a small number of producers and significant entry barriers.
• C) An industry consisting of a single firm that faces little competition from imports.
• D) An industry with a small number of firms that produce differentiated products.

---

Definitions:

Primary Somatosensory Cortex

The main sensory receptive area for the sense of touch located in the parietal lobe of the human brain.

Homunculi

Distorted representations of the human body based on the neurological map of areas and proportions of the brain dedicated to processing motor or sensory functions.

Somatosensory Cortex

The area in the brain tasked with analyzing sensory data from the body, such as sensations of touch, heat, and discomfort.

Somatosensory Homunculus

A visual representation of the body within the brain, illustrating the proportion of sensory nerves dedicated to different parts of the body.