Sammy's Inc competes with a few other firms because there are natural barriers to entry. Sammy's operates in
A) a perfectly competitive market.
B) an oligopoly.
C) a monopolistically competitive market.
D) a monopoly.
E) a natural monopolistically competitive market.
B
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According to the interest-rate-based monetary policy transmission mechanism, an increase in the money supply will
A) lead to an increase in investment spending and an increase in real GDP which is greater than the increase in investment spending. B) lead to an increase in investment spending and a decrease in real GDP that is equal to the increase in investment spending. C) lead to a decrease in investment spending and an increase in real GDP that is equal to the decrease in investment spending. D) lead to a decrease in investment spending and an increase in real GDP which is greater than the decrease in investment spending.
According to your text, open market operations
A) can be a difficult and delicate task. B) are free from political pressures. C) are designed solely in the national interest. D) have failed to be effective ever since the U.S. has gone off the gold standard.