Which of the following arises when two or more enterprises encounter each other in different regional markets,national markets,or industries?
A)monopoly
B)monopsony
C)cartel
D)multipoint competition
E)oligopsony

Question

Quizplus · Accepted Answer

Multipoint competition arises when two or more enterprises encounter each other in different regional markets, national markets, or industries. In this situation, companies compete with each other in multiple markets, leading to complex and dynamic competition. Monopoly refers to a situation where a single company dominates the market, while monopsony refers to a market where there is only one buyer. Cartel refers to an agreement between companies to control prices and output to limit competition, while oligopsony refers to a market where there are only a few buyers.

Which of the Following Arises When Two or More Enterprises