According to William Shepherd's Examination of Competitive Trends in the U.S.economy,if

question 143

Multiple Choice

According to William Shepherd's examination of competitive trends in the U.S.economy,if firms in the industry exhibit low concentration,low entry barriers,and little or no collusion,then the industry _____

• A)is usually a pure monopoly.
• B)is a dominant firm.
• C)is a tight oligopoly.
• D)demonstrates effective competition.
• E)demonstrates monopolistic competition.

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Definitions:

Pluralism

Refers to a societal structure that allows and encourages multiple groups, cultures, or identities to coexist and have influence.

Diversity Management

Places a much heavier emphasis on recognizing and appreciating differences among people at work and attempting to provide accommodations for those differences to the extent that is feasible and possible.

Conscious Capitalism

A business philosophy that emphasizes the importance of serving the interests of all major stakeholders in a company, not just shareholders.

Organizational Architecture

Describes the structure and design of an organization, including its division of labor, hierarchies, systems, procedures, and relationships that enable it to function and meet its objectives.