Multiple Choice
Use the information below to answer the following questions.
Fact 14.1.1
For automobiles the HHI is 2,350, for sporting goods it is 161, for batteries it is 2,883, and for jewellery it is 81.
-Refer to Fact 14.1.1. The market for automobiles is ________ and the market for sporting goods is ________.
A) monopolistic competition; an oligopoly
B) an oligopoly; perfectly competitive
C) an oligopoly; monopolistic competition
D) an oligopoly; an oligopoly
E) Perfectly competitive; perfectly competitive
Correct Answer:
Verified
Correct Answer:
Verified
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