________ Occurs When There Are Many Buyers and Sellers and Little

question 49

Multiple Choice

________ occurs when there are many buyers and sellers and little differentiation between products,but perceived differences between products among consumers.

• A) Monopolistic competition
• B) A monopoly
• C) An oligopoly
• D) Perfect competition
• E) A duopoly

---

Definitions:

Chisel And Punch

Tools used for cutting, shaping, or making holes in hard materials like metal or wood, with the chisel having a sharp edge and the punch being a hard metal rod with a pointed tip.

Eye Protection

A safety measure that involves wearing goggles or shields to protect the eyes from hazardous materials, debris, or light rays.

Hacksaws

A type of saw with a fine-toothed blade under tension in a frame, used primarily for cutting metal.

Center Punch

A tool with a pointed end used for making indentations in materials such as metal or wood, usually as a guide for drilling.