When the Number of Competitors in a Market Is Quite

question 49

Multiple Choice

When the number of competitors in a market is quite small,a situation known as ________ is created.

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

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Definitions:

Operating Activities

These activities generate cash inflows and outflows related to revenue and expense transactions that affect net income.

Investing Activity

Financial transactions related to the acquisition and disposal of long-term assets and investments not included in cash equivalents.

Collection

The process of gathering or accruing items or amounts owed to a business, typically in the context of accounts receivable.

Loan Made

Money that is lent to another party in exchange for future repayment of the loan value amount, plus interest.