For 23 Years,a Group of 12 Men and Women Has

question 9

Multiple Choice

For 23 years,a group of 12 men and women has been operating a successful charity for families impacted by AIDS.The group has seen many changes over the years,regarding personnel,community needs,medical advances,and economic climate.The charity has endured throughout the years because it established operating principles and procedures.Which term best describes this group?

• A)loose coupling
• B)high-tech industry
• C)bureaucratic organization
• D)labour union

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Definitions:

Oligopolistic Firms

Companies operating in a market structure characterized by a small number of entities dominating the industry, often resulting in limited competition.

Collusively

Acting in a coordinated manner, often secretly, between firms to set prices or market conditions, usually to the detriment of competition.

Oligopolistic Firms

Companies that operate in a market structure characterized by a small number of firms dominating the market, leading to limited competition.

Pure Monopoly

A market structure where a single supplier dominates the market, offering a unique product with no close substitutes.