___________ Exists When There Are Many Small Businesses Selling One

question 91

Multiple Choice

___________ exists when there are many small businesses selling one standardized product.

• A) Monopolistic competition
• B) Oligopoly
• C) Pure competition
• D) Monopoly
• E) Market structure

---

Definitions:

Emergency Banking Act

A law passed in 1933 during the Great Depression that aimed to stabilize the banking sector, restore public confidence, and prevent the failure of banks.

Roosevelt's Inauguration

The ceremony marking the beginning of Franklin D. Roosevelt's presidency, notable for his speech declaring the only thing to fear is "fear itself" during the Great Depression.

Gold Standard

A monetary system where a country's currency or paper money has a value directly linked to gold, ensuring stable prices and exchange rates.

Consumer Faith

The confidence and trust that consumers have in the quality, safety, and reliability of the products and services they purchase.