Multiple Choice
Refer to the data. Suppose that enforcement of antitrust laws resulted in any firm in this industry with market share of 20 percent or above to be split into two firms, with each having equal market share. That would cause this industry to
A) remain monopolistically competitive.
B) change from monopolistic competition to oligopoly.
C) change from oligopoly to monopolistic competition.
D) remain an oligopoly.
Correct Answer:
Verified
Correct Answer:
Verified
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