Multiple Choice
-The cookie industry in Eatsweetland consists of 15 firms. The industry sales are $80 million per month. The sales of the largest 5 firms are shown in the table below. The rest 10 firms have sales of $3 million each. Which of the following best describes the structure of the market for cookies in Eatsweetland?
A) perfect competition
B) monopolistic competition
C) oligopoly
D) monopoly
Correct Answer:
Verified
Correct Answer:
Verified
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