Which Statement Is True

question 186

Multiple Choice

Which statement is true?

• A)Most oligopolies have only a few firms.
• B)The U.S.auto industry has a concentration ratio of 50 percent.
• C)Administered prices are most likely to occur under monopoly.
• D)In the U.S.today collusion is illegal but nevertheless still exists.

---

Definitions:

Customer Complaints

Feedback or grievances expressed by customers regarding dissatisfaction with a product or service.

Organizational Skills

Abilities that allow an individual or group to plan, prioritize, and efficiently manage resources and tasks.

Business Friendship

A professional relationship built on mutual respect, trust, and common interests, often leading to long-term business cooperation.

Perceived Purchase Satisfaction

The level of contentment a customer feels regarding their decision to buy a product or service, based on their expectations and the product's performance.