In the scenario above, the market is
A) a natural duopoly.
B) a natural oligopoly with three firms.
C) a natural monopoly.
D) monopolistically competitive.
A
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An appreciation of a country's currency
A) decreases the relative price of its exports and lowers the relative price of its imports. B) raises the relative price of its exports and raises the relative price of its imports. C) lowers the relative price of its exports and raises the relative price of its imports. D) raises the relative price of its exports and lowers the relative price of its imports. E) raises the relative price of its exports and does not affect the relative price of its imports.
Which of the following represents the domestic demand for goods?
A) C + I + G B) C + I + G + X C) C + I + G - IM/? D) C + I + G + X - ?M/? E) C + I + G + X + ?IM