Which Statement Is True

question 65

Multiple Choice

Which statement is true?

• A)Oligopoly does not exist in the U.S.
• B)Most business firms in the U.S.are oligopolies.
• C)Most large firms in the U.S.are oligopolies.
• D)Oligopoly is virtually all cutthroat in the U.S.

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Definitions:

Manufacturing Firms

Companies engaged in the industrial production of goods, transforming raw materials into finished products through manual labor or machinery.

Industrial Market

The market for goods and services traded among businesses and institutions, rather than between businesses and private consumers.

Fisheries

Industry or activity concerned with catching, processing, or selling fish, shellfish, and sometimes whales.

State Governments

The government entities that have jurisdiction over particular states or provinces within a federal system, responsible for local legislation and governance.