Multiple Choice
Normander Corp. is a large media corporation that owns all the media outlets in Liecheben and a few news agencies internationally. Any new media company that tries to establish itself in Liecheben soon runs out of business because of the overpowering presence of Normander Corp. This scenario exemplifies _____.
A) pure competition
B) monopoly
C) monopolistic competition
D) oligopoly
Correct Answer:
Verified
Correct Answer:
Verified
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