A Particular Industry Has Only a Few Competitors, Who Have

question 159

Multiple Choice

A particular industry has only a few competitors, who have at least some control over price. Entry into the industry is 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:

Net Cash

The difference between a company's total cash inflows and outflows.

Operating Activities

Day-to-day actions that relate to producing goods, providing services, and selling merchandise to customers, which are reflected in a company's cash flows.

Net Cash

Represents the amount of cash remaining after all cash outflows are subtracted from total cash inflows over a specific period of time.

Operating Activities

Business actions directly related to the production and delivery of goods and services, generating most of a company's revenue and expenses.