A market where there is only one seller,and buyers have no good alternative,is called a(n)
A) oligopoly.
B) oligarchy.
C) monopoly.
D) perfect completion market.
Correct Answer:
Verified
Q2: A _ monopoly is an industry in
Q3: _ collusion can occur even when oligopolistic
Q4: _ is the ability to raise prices
Q5: Businesses will generally shut down if they
Q6: In perfect competition,a profit-maximizing business will expand
Q8: An oligopoly occurs when there
A) are a
Q9: Advertising a brand can help create a
Q10: Under the right circumstances,competition could be a
Q11: Marshall Field's and Sterns Department Stores are
Q12: If two or more oligopolistic companies work
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