A Market Structure in Which a Small Number of Firms

question 271

Multiple Choice

A market structure in which a small number of firms compete is called

• A) a monopoly.
• B) a small-number market.
• C) an oligopoly.
• D) monopolistic competition.

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Definitions:

Structural Job Resources

The physical, informational, and social assets available to employees that help them achieve work goals and reduce job demands.

Job Characteristics

Attributes or aspects of a job that can influence an employee's work motivation, satisfaction, and performance.

Challenging Assignments

Tasks or projects that require significant effort, skill, and creativity, often used for development and learning.

Broaden Skills

The process of expanding one's abilities and competencies to be capable of performing a wider range of tasks or roles.