There Are Fewer Than Half as Many Publishers of College

question 149

Multiple Choice

There are fewer than half as many publishers of college textbooks in the United States now as a generation ago. Three companies alone account for almost two-thirds of the sale of new textbooks. This market situation characterized by very few sellers is known as

• A) an oligopoly.
• B) perfect competition.
• C) pure monopoly.
• D) monopolistic competition.

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Definitions:

Racism

Discrimination or prejudice against individuals based on their race or ethnicity, often rooted in the belief that one race is superior to others.

Swedish University

An institution of higher education and research located in Sweden, offering various degrees.

Muslim Surname

A family name associated with followers of Islam, often indicating lineage, geographical, or historical background within the Muslim community.

Swedish Surname

A family name originating from Sweden, often indicating ancestral or geographical origins.