The level of competition least beneficial to business owners is

oligopoly.

monopoly.

pure competition.

monopolistic competition.

an example of horizontal consolidation is when a bank

acquires a company that produces vaults.

purchases a share of the u. s. treasury.

divides into two new banks.

combines with another bank.

monopolistic competition is a market structure that has

few competitive firms with the same products.

many sellers with differentiated products.

a perfectly elastic demand curve.

one seller.

the level of competition most beneficial to consumers is

oligopoly.

monopoly.

pure competition.

monopolistic competition.

in a specific industry, two dominant firms work together to set prices. we call this

competition.

collusion.

market dominance.

market influence.

a firm's purpose in nonprice competition is to

produce at the lowest cost possible.

encourage other firms to cooperate in setting prices.

establish extensive control of their particular market.

distinguish their products from those of other companies."