A Shared Monopoly Occurs When Four or Fewer Firms Supply

question 22

Multiple Choice

A shared monopoly occurs when four or fewer firms supply 50% or more of a particular market, performing much as a monopoly or cartel would. Another term for this is

• A) oligochaete.
• B) oligoclase.
• C) oligarchy.
• D) oligopoly.

---

Definitions:

Participating

Being actively involved or taking part in a particular event, activity, or process.

Fair Values

The valuation received for disposing of an asset or the expense of moving a liability in an organized market activity on the assessment date.

Acquisition

The process of obtaining control of another corporation, purchasing its shares, or assets, to expand or diversify operations.

Voting Common Stock

Shares that give the shareholder voting rights in corporate decisions, typically one vote per share owned.