Author Question: Identify a true statement about oligopoly. A) It is a market structure that has many competitors ... (Read 67 times)

c0205847

  • Hero Member
  • *****
  • Posts: 531
Identify a true statement about oligopoly.
 A) It is a market structure that has many competitors selling virtually identical products.
  B) Firms in an oligopoly market structure typically avoid price competition.
  C) Agriculture exemplifies an oligopoly market structure.
  D) It has a single producer completely dominating the industry, leaving no room for competitors.

Question 2

Maria's Flower Emporium specializes in growing delicate plants for wealthy consumers around the world. Because of the fragile nature of the products, they need to spend as little time as possible in transit. Maria should use trucks to transport her products.
 
 Indicate whether the statement is true or false



gstein359

  • Sr. Member
  • ****
  • Posts: 293
Answer to Question 1

B

Answer to Question 2

False



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

For a complete list of videos, visit our video library