Canada is sometimes referred to by some economists as the "land of_________ " because it has several major industries that can be considered __________ airline industry and the banking industry.
A)oligopoly, oligopolistic
B)monopoly, monopolistic
C)pure competition, purely competitive
D)monopolistic competition, monopolistically competitive

Question

Quizplus · Accepted Answer

Canada is often referred to as the "land of oligopoly" because many of its major industries, including the airline and banking sectors, are dominated by a few large firms, making them oligopolistic in nature.

Canada Is Sometimes Referred to by Some Economists as the "Land