The airline and long-distance telephone service industries are examples of

a. monopolistic competition
b. monopolies
c. oligopolies
d. perfect competition
e. oligopolistic competition

C

Economics

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What will be an ideal response?

Economics

Under oligopoly, firms' pricing policies are ________ and, under monopolistic competition, they are ________

A) interdependent; independent B) independent; interdependent C) cooperative; uncooperative D) uncooperative; cooperative E) profit maximizing; revenue maximizing

Economics