Complete the following using the terms listed.
-A(n)_____ is a market structure characterized by relatively few sellers and barriers to entry resulting from high start-up costs.
A)Consumer Price Index (CPI)
B)Inflation
C)Gross domestic product (GDP)
D)fiscal policy
E)monetary policy
F)equilibrium price
G)budget deficit
H)Pure competition
I)supply
J)Demand
K)Productivity
L)recession
M)microeconomics
N)oligopoly
O)monopoly

Question

Quizplus · Accepted Answer

Oligopoly is the market structure characterized by relatively few sellers and barriers to entry resulting from high start-up costs, as opposed to Pure Competition, which has many sellers and low barriers to entry.

Complete the Following Using the Terms Listed