The fewer the number of firms present in a market, the:
A) more competition is likely to be present.
B) less likely barriers to entry are present.
C) more likely market power will exist.
D) less like a monopoly it will behave.
Correct Answer:
Verified
Q6: Which type of market structure is imperfectly
Q7: Which of the following market structures is
Q8: A market that consists of only a
Q9: The more firms that exist in a
Q10: Oligopoly describes a market with:
A)many sellers.
B)one seller.
C)only
Q12: It is important for business owners to
Q13: The goods or services that firms in
Q14: Which of the following is one of
Q15: In practice, monopolistically competitive markets are:
A)very rare.
B)very
Q16: In practice, oligopolistic markets are:
A)fairly common.
B)very rare.
C)forbidden
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