If the 4 largest cell service providers sales make up 56% of total sales in the...
If the 4 largest cell service providers sales make up 56% of total sales in the entire industry, then the industry is considered to be
Multiple Choice
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monopolistically competitive.
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a monopoly.
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perfectly competitive.
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an oligopoly.
Homework Answers
The industry can be considered as an Oligopoly. For it to be a perfect competition the firms will control negligible amount of sales. For it to be a monopoly, a single firm will control all the market and for it to be a monopolistic competition the firms in the market will have little more than perfect market.
The answer is "oligopoly".
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If the 4 largest cell service providers sales make up 56% of
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can you please help me with these problems . microeconomics 0/1.21 pts ed Question 80 The practice of setting prices deliberately below pricing. costs in an eff...
can you please help me with these problems .
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can you please help me with these problems .
microeconomics
0/1.21 pts ed Question 80 The practice of setting prices deliberately below pricing. costs in an effort to drive a competitor out of the market is known as predatory average variable O average fixed explicit average total marginal 0/1.21 pts wered Question 78 0/1.21 An example of a tying arrangement is a restaurant offering both Pepsi and Coca-Cola products. a car manufacturer installing expensive onboard GPS/navigation systems in all the...
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