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Sometimes a Corporation Has Virtually No Competitors; This Is Termed

Question 67

Multiple Choice

Sometimes a corporation has virtually no competitors; this is termed a(n) __________. A(n) __________ exists when just a few companies have virtual control of an entire industry.


A) ​monopoly; oligopoly
B) ​oligopoly; monopoly
C) ​oligarchy; monopology
D) ​monarchy; oligopoly

Correct Answer:

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