When a market is dominated by only two or a few large firms, the industry is said to be a

The Food and Drug Administration has the authority to regulate the quality, safety, and labeling of poultry, meat, eggs, and alcoholic beverages.

a. true b. false

Which of the following best describes the manager of a profit center?

A) The manager is only responsible for controlling costs. B) The manager is responsible for generating profits and efficiently managing the center's invested capital. C) The manager is only responsible for generating revenues. D) The manager is responsible for generating revenues and controlling costs.