Multiple Choice
Bob owns the St.Paul Street one-stop convenience store,one of 300 convenience stores in his region.Which degree of competition is Bob involved in?
A) Monopolistic competition
B) Oligopoly
C) Perfect competition
D) Oligopolistic competition
E) Monopoly
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q51: What are the three countervailing powers in
Q53: Communism is an example of a market
Q55: If the number of pizza restaurants in
Q56: Tim won $50 000 on a Lotto
Q57: The Competition Act prohibits resale price maintenance,which
Q58: Which of the following is correct with
Q59: The law of supply states that producers
Q63: Which one of the following is the
Q160: Which of the following is correct regarding
Q243: An oligopoly exists when firms in an