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The USMarket for Locomotives Is Divided Between Two Producers;General Electric Has

Question 26

Multiple Choice

The U.S.market for locomotives is divided between two producers;General Electric has 70 percent of the market and General Motors has 30 percent.This market is an example of


A) a bilateral monopoly
B) monopolistic competition
C) a collusive monopoly
D) a duopoly
E) a cartel

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