Multiple Choice
An industry in which a few firms produce most or all of the output of a product and in which large amounts of capital are needed known as which of the following?
A) perfect competition
B) an oligopoly
C) monopolistic competition
D) imperfect competition
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q37: What is the definition of macroeconomics?<br>A) changes
Q93: When demand and supply meet, the price
Q98: The _ is the central banking system
Q100: _ are the resources used to produce
Q100: If the national unemployment rate goes up,
Q103: Every time Tom buys a litre of
Q107: When Mary Robb purchased a dozen cupcakes
Q117: The higher the price of a good
Q119: Which direction represents the slope of the
Q141: Southern Ontario farmers have found it difficult