Which of the Following Is an Example of a Shared

question 61

Multiple Choice

Which of the following is an example of a shared monopoly?

• A) Company A, Company B, and Company C together supply 20 percent of all mufflers in the United States.
• B) Company X, Company Y, and Company Z together supply 60 percent of all beds in the United States.
• C) Company B, Company U, and Company Y together supply 30 percent of all snow tires in the United States.
• D) Company T, Company O, and Company Y together supply 45 percent of all doll dresses in the United States.

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Definitions:

Primary Labor Market

A sector of the labor market that offers high-quality, secure jobs with good pay, benefits, and opportunities for advancement.

Regulated Market

In a regulated market, various social forces limit the capacity of supply and demand to determine prices.

Economic Sociologists

Scholars studying the social processes and outcomes associated with economic activity, including market behaviors, economic organizations, and financial systems.

Socially Distributed

Pertains to the way resources, knowledge, or status are spread across different groups or individuals in a society, often unevenly.