A Particular Industry Has Only a Few Competitors,who Have Some

question 123

Multiple Choice

A particular industry has only a few competitors,who have some control over price.However,high start-up costs make entry into the industry difficult.This industry is an example of _____.

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

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Definitions:

Retained Earnings

The portion of a company's profits that is held or retained and not paid out as dividends to shareholders, often used for reinvestment in the business, debt reduction, or share repurchases.

Liabilities

Financial obligations or debts owed by a company to external parties.

Contributed Capital

Contributed capital, also known as paid-in capital, represents the funds raised by issuing stock directly from the corporation.

Common Stock Dividend

A payment made by a corporation to its shareholders, usually in the form of cash or additional shares, as a portion of the profits.