An industry that has a relatively small number of firms that dominate – McqOptions

MCQOPTIONS

1.	An industry that has a relatively small number of firms that dominate the market is called ?
A.	a colluding industry
B.	a merged industry
C.	a concentrated industry
D.	a natural monopoly
Answer» D. a natural monopoly

Discussion

No Comment Found

Related MCQs

Which of the following statements best describes the outcome under monopolistic competition ?
Which of the following is most likely to be a variable cost for a firm ?
Which of the following is a correct statement about the relationship between average product (AP) and marginal product (MP) ?
When ________ substitutes exist, a monopolist has ________ power to raise price?
When one firm in the breakfast cereal market started an advertising campaign that stressed the nutritional value of its cereals, all other cereal manufacturers started similar advertising campaign This suggests that the breakfast cereal market is ?
The slope of marginal revenue curve is ?
The short run, as economists use the phrase, is characterized by ?
The short run, as economists use the phrase, in characterized by ?
The rate at which a firm can substitute capital for labour and hold output constant is the ?
The normal rate of profit for relatively risk-free firms will be _________ the interest rate on risk-free government bonds?