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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #727675
Introduction to Economics 1 Deneme Sınavı Sorusu #727675
In a market structure,1. There are few firms.2. Each firm in the market produces a large share of the total market quantity.3. Each firm can influence the market price.What kind of market structure is this?
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Monopoly |
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Oligopoly |
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Monopolistic competition |
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Nash equilibrium |
|
Cartel |
Yanıt Açıklaması:
Oligopoly is a market structure with few firms. Each firm in the market produces a large share of the total market quantity and hence can influence the market price. The correct answer is B.
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