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:

Wind

The flow of gases on a large scale, primarily on Earth's surface, resulting from air moving from high pressure to low pressure areas.

Sedimentary Rocks

Rocks formed by the deposition and subsequent cementation of mineral or organic particles on the floor of oceans or other bodies of water.

Rock Forms

The various shapes and structures that rocks can take, including layered formations, intrusions, and extrusions.

Angular Clasts

Rock fragments with sharp edges that result from mechanical weathering processes.