History, 16.10.2020 16:01 spotty1023
Only two large corporations sell cars in a country. Though they sometimes
compete for customers, the corporations have agreed never to lower their
prices below a certain level. They also operate in different parts of the
country so that few consumers have a real choice between the companies.
As a result, the companies have little direct competition.
This situation best illustrates which market condition?
A. Pure competition
B. Monopoly
C. Monopolistic competition
D. Oligopoly
Answers: 2
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Only two large corporations sell cars in a country. Though they sometimes
compete for customers, th...
History, 22.09.2019 20:30
History, 22.09.2019 20:30
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History, 22.09.2019 20:30