A Monopolistically Competitive Market Consists of Many Sellers,an Oligopoly Consists

question 25

Multiple Choice

A monopolistically competitive market consists of many sellers,an oligopoly consists of ________ seller(s) ,and a monopoly consists of ________ seller(s) .

• A) one; one
• B) one; two
• C) a few; many
• D) a few; one
• E) many; one

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Definitions:

Opposite Direction

Referring to a movement, orientation, or action that is directly contrary or reverse to another.

Creatine Phosphate

A high-energy reserve molecule in muscles and the brain that donates phosphate to ADP to regenerate ATP during the first seconds of intense work.

ATP

Adenosine triphosphate (ATP) is a complex organic chemical that provides energy to drive many processes in living cells.

Central Cavity

An internal space or chamber within a structure or organism, often referring specifically to the large, fluid-filled space in sponges.