The electronics market in Tunica is completely dominated by JC Inc., a company that manufactures electronic components and gadgets. The company produces most of the essential goods in large quantities and has no competition
The company has recently
increased the prices of its products because of their high demand and this is affecting
the consumers adversely. This type of market domination by a single firm represents a
market failure referred to as ________.
A. externality
B. monopoly
C. information asymmetry
D. bankruptcy
E. marketing myopia
B
Political Science
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The chief of staff, press secretary, and national security assistant are all members of which group?
a. White House staff b. the armed forces c. the Cabinet d. Executive Office of the President e. the vice president
Political Science