A(n)____ Is Characterized by a Relatively Small Number of Firms

question 12

Multiple Choice

A(n) ____ is characterized by a relatively small number of firms producing a product.

• A) monopoly
• B) syndicate
• C) cooperative
• D) oligopoly
• E) none of the above

---

Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, naturally established in a free market.

Organizational Culture

The set of shared values, beliefs, and norms that influence the behavior and attitudes of individuals within an organization.

Inclusion And Respect

Concepts that involve valuing and leveraging differences among individuals in an organization or community to create a welcoming and equitable environment.

Exclusion And Disrespect

The act of deliberately omitting or showing a lack of respect towards others, often leading to feelings of alienation and undervaluation.