The U.S.primary steel industry is best described as a:
A) cartel.
B) monopoly.
C) differentiated oligopoly.
D) homogeneous oligopoly.
Correct Answer:
Verified
Q72: In an oligopolistic market there are:
A) many
Q73: Q74: The variety of products and product features Q75: Compared to pure competition,monopolistic competition: Q76: The economic inefficiency of monopolistic competition means Q78: Monopolistically competitive firms are productively inefficient because Q79: One prediction about monopolistic competition is that Q80: In the long run,the representative firm in Q81: Which would be most characteristic of oligopoly? Q82: Which product is made by an industry
A) provides greater
A)
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