Multinationals typically operate in a market structure that would best be described as:
A)an oligopoly.
B)perfect competition.
C)inherently disadvantaged.
D)monopoly.

Question

Quizplus · Accepted Answer

Multinationals operate in a market structure that is characterized by a few dominant firms that have significant pricing power and compete vigorously with each other. This is the definition of an oligopoly. The market is not perfectly competitive as there are barriers to entry and the presence of dominant firms limits the number of competitors. Nor is it a monopoly as there are multiple firms operating in the market.

Multinationals Typically Operate in a Market Structure That Would Best