The General Term for Market Structures That Fall Somewhere Between

question 23

Multiple Choice

The general term for market structures that fall somewhere between monopoly and perfect competition is

• A)incomplete markets.
• B)imperfectly competitive markets.
• C)oligopoly markets.
• D)monopolistically competitive markets.

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Definitions:

Check-Processing Region

An area or zone within the banking system designated for the processing and clearing of checks and other negotiable instruments.

Certified Check

A check for which the bank confirms that sufficient funds exist in the account to cover the check, and so sets aside the amount needed until the check is cashed or expires.

Cashier's Check

A check issued by a bank, drawing on its own funds rather than that of a personal account holder, guaranteeing payment to the payee.

Bank Liability

The legal obligations or debts that a bank is responsible for, such as deposits and loans.