Which One of the Following Is the Best Example of an Oligopolistic

question 357

Multiple Choice

Which one of the following is the best example of an oligopolistic industry?

• A) long-distance telephone service
• B) wheat growers
• C) apple growers
• D) public utilities

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Definitions:

Tenancy by the Entirety

A form of joint property ownership available only to married couples, where each spouse has an undivided interest in the property and right of survivorship.

Tenancy in Partnership

Tenancy in Partnership describes a form of ownership where partners possess an undivided interest in property owned by the partnership for the purpose of the partnership's business.

Tenancy in Common

A form of ownership where two or more individuals own property together, each holding a distinct, undivided interest.

Joint Tenancy

A form of property ownership by two or more parties who have equal rights to the entire property, including the right of survivorship, so when one owner dies, their share automatically passes to the surviving owners.