Which of the Following Markets Is Characterized by the Following

question 39

Multiple Choice

Which of the following markets is characterized by the following: only a few firms in the industry, a fairly unique product, difficult entry into the industry, and spending for differentiation of the product?

• A)perfectly competitive market
• B)monopolistic competition
• C)monopoly
• D)oligopoly

---

Definitions:

Tests For Reliability

Methods used to assess the consistency and dependability of a measure or test over time or across different conditions.

Experimental Design

A research methodology involving the manipulation of one variable to determine its effect on another variable, within a controlled environment.

Split-Half Technique

A way to determine inter-item reliability by correlating half the questions in a question set with the other half of the questions.

Tested

Evaluated or examined the performance, quality, or reliability of something through trial or experiment.