Market structures and competition
In the United States which type of industry is often considered part of an oligopoly
Cell phone carriers
Which aspect of monotheistic competition gives consumers more choice
Few barriers to the market entry exist
In a oligopolistic market consumers choice is
Limited
The lack of competition within a monopoly means that
Monopoly set their own prices
In a pure competition producers compete exclusively on the basis of
Sell identical items
___________ is the term used to describe the amount of control or influence that consumers have on a market
Sovereignty
Wellness pharmaceuticals has released a new antidepressant lexabuzac. Which type of monopoly does the company most likely have in this medication
Technological monopoly
Which is an example of government monopoly in the United States?
The us postal service
Why is the automobile industry considered an oligopoly
WRONG -it offers the little differential with in the market — it has significant barriers to entry - it depends on the brand loyalty and image to generate sales
Who sets the price in a monopolistic competition
WRONG!!! Producers only