In a Small Town the Level of Demand Is Capable

question 266

Multiple Choice

In a small town the level of demand is capable of supporting only two gas stations. This market is

• A) a natural duopoly.
• B) perfectly competitive because a homogeneous good is being sold.
• C) operating as if it was a monopoly.
• D) an example of monopolistic competition.

---

Definitions:

Direct Format

A straightforward and clear way of presenting information or instructions without unnecessary details or embellishments.

Negative Information

Information that may be perceived as unfavorable or detrimental to the receiver's interests.

Bad News

Unfavorable or disappointing information that needs to be communicated in a sensitive and thoughtful manner.

Accusing Tone

A manner of speaking or writing that implies blame or responsibility for a wrongdoing, often leading to a defensive response.