Firms in industries that have competitors but, at the sametime, do not face so m

Question

Firms in industries that have competitors but, at the sametime, do not face so much competition that they are price takersare operating in either a(n). a. oligopoly of perfectly competitive market. b. oligopoly of monopoly market. c.oligopoly or monopolistically competitive market. d. monopoly or monopolistically competitive market. Firms in industries that have competitors but, at the sametime, do not face so much competition that they are price takersare operating in either a(n). a. oligopoly of perfectly competitive market. b. oligopoly of monopoly market. c.oligopoly or monopolistically competitive market. d. monopoly or monopolistically competitive market.

Explanation / Answer

Firms in industries that have competitors but, at the sametime, do not face so much competition that they are price takersare operating in either a(n). a. oligopoly of perfectly competitivemarket- fewer companies and can influence price with increase inoutput b. oligopoly of monopoly market. c.oligopoly or monopolistically competitive market. d. monopoly or monopolistically competitive market.

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