menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Micro economics 2
  4. Exam
    Exam 2: Principles of Market Structures and Microeconomic Theory
  5. Question
    _______ Is Situation in Which a Single Company or Group
Solved

_______ Is Situation in Which a Single Company or Group

Question 21

Question 21

Multiple Choice

_______ is situation in which a single company or group owns all or nearly all of the market for a given type of product or service.


A) monopsony
B) oligopoly
C) perfect competition
D) monopoly

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q15: Which of the following statements is true<br>A)oligopolies

Q16: The price paid for any factor of

Q17: The property of diminishing marginal product applies:<br>A)only

Q18: Microeconomic theory assumes that all firms maximize

Q19: Factors of production are:<br>A)the coefficients in a

Q20: As firms gradually acquire ever more technology,

Q22: In the long run, a constant cost

Q23: In the long run, a perfectly competitive

Q24: The larger the number of firms in

Q25: Profit maximization for a perfectly competitive firm

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines