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