The Type of Industry in Which There Are a Few

question 132

Multiple Choice

The type of industry in which there are a few firms and each of these firms thinks about,anticipates,and reacts to the other firms' moves is called

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

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Definitions:

\(\sum _ { i = 0 } ^ { 5 }\)

A summation notation representing the addition of a sequence of numbers, from the index i equals 0 to i equals 5.

\(n ^ { 2 }\)

Represents the square of a number n, calculated as n multiplied by itself.

\(( n - 2 ) !\)

The factorial of the quantity \(n-2\), representing the product of all positive integers less than or equal to \(n-2\).

\(n ^ { 2 }\)

An algebraic expression indicating the square of the variable n.