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:

Symbolized

Represented by symbols or a symbolic form to convey particular meanings or attributes.

Symbolized Categorical Statement

An expression using symbols to represent a statement about the relationship between categories or sets.

Categorical

Pertaining to categories or classification, particularly in logic where it relates to statements that assert or deny something about all members of a category.

Symbolized

To be symbolized means to represent something through symbols or to use symbols to express or convey ideas or concepts.