Which of the Following Is an Accurate Statement About near Monopolies

question 68

Multiple Choice

Which of the following is an accurate statement about near monopolies?

• A) Near monopolies are medium-sized firms that have some market power and thereby can influence the industry structure to a certain extent.
• B) Near monopolies are small firms in an industry that have differentiated products but little or no ability to raise their prices.
• C) Near monopolies are firms that have accrued significant market power and thereby are changing the industry structure in their favor.
• D) Near monopolies are a few large firms that dominate an industry and have differentiated products, high barriers to entry, and some degree of pricing power.

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Definitions:

Grasses

Members of the Poaceae family, which are key agricultural and ecological species, known for their long, slender leaves and roles in ecosystems and food supplies.

Basal Cell

A type of cell found in the lower layers of the epidermis that continuously divides to form new cells, replacing the old ones that die and are shed.

Embryonic Development

The process by which an embryo forms and develops, from fertilization to the fetus stage.

Cotyledons

Embryonic leaves in seed-bearing plants, forming the first leaves to appear from a germinating seed.