An Oligopoly Created Because of Economies of Scale Is Called

question 114

Multiple Choice

An oligopoly created because of economies of scale is called a

• A) natural oligopoly.
• B) legal oligopoly.
• C) public oligopoly.
• D) monopolistic oligopoly.
• E) scale oligopoly.

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Definitions:

Employers

Individuals or organizations that hire and pay for the services of workers or employees.

Tasks

Specific pieces of work or activities to be completed, often as part of a larger project or duty.

Gratuitous Agent

An agent who acts on behalf of another person (the principal) without expecting or receiving any form of compensation.

Consideration

Something of value exchanged between parties in a contract, making the agreement legally binding.