Geography
Geography, 13.11.2020 01:00, sulseralanna

1. When compared to a perfectly competitive market structure, a monopoly makes it more difficult for firms to enter the marketplace. True
False

2. Why is a seller in a monopoly referred to as a price maker rather than a price taker?

3. When compared to a monopoly, which of the following best describes an oligopoly:
A) It is less competitive.
B) It is more competitive

4. Which of the following is true concerning an oligopoly:
A) One seller controls the price of the goods within a particular industry.
B) An oligopoly only offers identical products.
C) An oligopoly's largest firms act as price takers.
D) When the largest companies raise prices, the others usually follow.

answer
Answers: 3

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