The USSecurities and Exchange Commission Has Designated Just Nine Credit-Rating Agencies

question 161

Multiple Choice

The U.S.Securities and Exchange Commission has designated just nine credit-rating agencies as "nationally recognized statistical rating organizations" (NRSROs) ,which include Moody's,Standard & Poor's,and Fitch Ratings.These agencies provide opinions on the creditworthiness of other entities and the financial obligations issued by them.Because so few companies can compete in it,the credit-rating industry would be considered a(n)

• A)mega monopoly.
• B)oligopoly.
• C)pure competition.
• D)monopolistic competition.
• E)monopoly,

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Definitions:

Ultrasound

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