A Market Dominated by a Small Number of Firms Is

question 141

Multiple Choice

A market dominated by a small number of firms is called a(n) :

• A) oligopoly.
• B) natural monopoly.
• C) monopoly.
• D) network market.

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Definitions:

Magnetic Tape

A secondary storage medium on a large open reel or in a smaller cartridge or cassette.

Cache Memory

A type of high-speed memory that enables the computer to temporarily store blocks of data that are used more often and that a processor can access more rapidly than main memory (RAM).

Thin Clients

Computing devices that operate in a server-based network without requiring many local resources, relying on the central server for processing activities.

Fat Clients

Computers that offer full functionality without having to connect to a network.