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An Industry That Has a Limited Number of Competing Firms,such

Question 106

Multiple Choice

An industry that has a limited number of competing firms,such as the U.S.mobile phone market in which four firms controlled 98 percent of the market in 2014,is known as


A) perfect competition.
B) a monopoly.
C) an oligopolistic industry.
D) deregulated.
E) anticompetitive.

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