Assume That There Are Only Three Sellers in the Aluminium

question 38

Multiple Choice

Assume that there are only three sellers in the aluminium industry each producing identical aluminium sheets.Given that these three firms own all the known sources of aluminium,the _____ model of the market is most applicable to the aluminium industry.

• A)oligopoly
• B)monopoly
• C)dominant firm model
• D)monopolistic competition

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Definitions:

Spiders

Arachnids characterized by eight legs, typically spinning webs to capture prey. NO

Autonomic Nervous System

The part of the nervous system responsible for controlling bodily functions not consciously directed, like breathing, the heartbeat, and digestive processes.

Generalized Anxiety Disorder

A mental health disorder characterized by persistent and excessive worry about various aspects of life, not limited to specific situations or events.

Trembling

Involuntary, rhythmic muscle contractions leading to shaking movements in one or more parts of the body.