Solved

There Is No Direct Competition in a Particular Industry,yet a Firm

Question 42

Multiple Choice

There is no direct competition in a particular industry,yet a firm operating in such an industry will have almost no control over pricing.This industry is an example of _____.


A) monopolistic competition
B) a regulated monopoly
C) an oligopoly
D) pure competition

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions