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Author Question: _________ is a market structure with just a single producer completely dominating the industry. A. ... (Read 58 times)

notis

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  • Posts: 596
on: Jul 14, 2018
_________ is a market structure with just a single producer completely dominating the industry.
  A. Oligopoly
 
  B. Monopoly
 
  C. Monopolistic competition
 
  D. Pure competition
 Fill in the blank(s) with correct word

Question 2

A newly formed country in the Caribbean has no high tariffs, yet other countries find it difficult to trade with the new country because of its requirements for labeling, product testing, and certifications. These restrictions can best be classified as
 A) embargos.
  B) currency devaluations.
  C) import quotas.
  D) quality import restrictions.
  E) bureaucratic red tape.


nguyenhoanhat

  • Sr. Member
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  • Posts: 332
Reply #1 on: Jul 14, 2018
Answer to Question 1

Monopoly

Answer to Question 2

E


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