The market for high-end cars is likely to be a(n) ________
A) perfect competition
B) monopolistic competition
C) monopoly
D) oligopoly
D
Economics
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A person observes that consumer prices often fall when a nation experiences economic growth. The person then concludes that falling consumer prices leads to economic growth. This would be an example of:
A. The fallacy of composition B. Biases C. Confusing correlation and causation D. The use of loaded terminology
Economics
Refer to the diagram for a monopolistically competitive firm in short-run equilibrium. This firm's profit-maximizing price will be:
A. $10.
B. $13.
C. $16.
D. $19.
Economics