A market situation in which there are very few sellers is
A) oligopoly.
B) perfect competition.
C) monopoly.
D) monopolistic competition.
Answer: A
Economics
You might also like to view...
Refer to Figure 4-1. If the market price is $3.00, what is the consumer surplus on the first ice cream cone?
A) $0.50 B) $1.00 C) $5.50 D) $9.00
Economics
Which of the following is likely to have the shortest transmission lag?
A) a change in personal income tax rates B) a change in government expenditures C) an increase in subsidies paid to firms D) an increase in public-service employment
Economics