In Which Market Structure Are There a Small Number of Firms

question 105

Multiple Choice

In which market structure are there a small number of firms competing?

• A) only monopoly
• B) only oligopoly
• C) perfect competition
• D) monopolistic competition
• E) either monopoly or oligopoly

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Definitions:

Biome

Large ecological zones that share similar climate conditions, flora, and fauna, characterizing broad ecological communities on land or in the oceans.

Gray Wolves

These are a species of canids native to the wilderness and remote areas of Eurasia and North America, known scientifically as Canis lupus.

Musk Oxen

Large, shaggy bovids native to the Arctic regions, known for their thick coats and strong odors produced by glands during the mating season.

Biome

Large community of plants and animals that occupies a distinct region defined by its climate, flora, and fauna.