A Particular Industry Has Many Competitors,each of Whom Has No

question 11

Multiple Choice

A particular industry has many competitors,each of whom has no significant control over price.In addition,it is fairly easy to enter the industry.This industry is an example of _____.

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

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Definitions:

Musicians

Individuals skilled in playing musical instruments, singing, or composing music.

New York

New York is a state in the Northeastern United States, known for its significant cultural, financial, and media influence globally, with New York City as its largest city.

Applied Research

Research focused on practical applications and aimed at solving specific, pragmatic problems.

Knowledge

Information, understanding, or skill that one gets from experience or education.