Jane's Garden Center exists in a market where there are many sellers & no seller is large enough to dictate the price of a product. Under what degree of competition does Jane's company compete?

A. Monopoly
B. Oligopoly
C. Monopolistic competition
D. Perfect competition

Ans: D. Perfect competition

Business

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Inherited rule will be eliminated in Saudi Arabia after the current crown prince serves

Indicate whether the statement is true or false.

Business

The L in OLI refers to an advantage in a firm's home market that is a:

A) liability in the domestic market. B) location-specific advantage. C) longevity in a particular market. D) none of the above

Business