A market situation in which there are a few large firms is called
A. oligopoly.
B. monopoly.
C. imperfect competition.
D. monopolistic competition.
Answer: A
Economics
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As cities grew and markets developed, life, fire and death insurance companies emerged to manage risks and help groups of individuals during disasters
Indicate whether the statement is true or false
Economics
Consuming to the point where the marginal utility of each good is equal to the price of that good is consistent with utility maximization
a. True b. False
Economics