Which of the following is an example of an effectively competitive market?
A) a market in which the top four firms supply more than 60 percent of the market, have stable market shares, and cooperate with each other
B) a market in which the top four firms supply more than 60 percent of the market, have stable market shares, and compete with each other
C) an industry that exhibits low concentration, few barriers to entry, and little or no collusion
D) an industry that exhibits low concentration and little or no collusion despite significant barriers to entry
E) a market in which the dominant firm has two close rivals
Correct Answer:
Verified
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