Industry X comprises only very few large firms engaged in stiff competition with each other. Industry X can best be described as
A) pure competition.
B) monopolistic competition.
C) pure monopoly.
D) oligopoly.
D
Economics
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Based on the figure above, the aggregate demand curve will shift from AD0 to AD1 when
A) the Federal Reserve lowers the interest rate. B) government expenditure decreases. C) the price level falls. D) the price level rises. E) potential GDP increases.
Economics
In basic terms, the current account is equal to
A) imports plus exports. B) savings minus consumption. C) exports minus imports. D) savings plus exports.
Economics