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Perfect competition is characterized by: A. rivalry in advertising. B. fierce quality competition. C. the inability of any one firm to influence price. D. widely recognized brands
Weegy: Perfect competition is characterized by: C. the inability of any one firm to influence price. [ ] (More)
Question
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Asked 317 days ago|6/10/2013 8:14:03 PM
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An industry that contains a firm that is the only producer of a good or service for which there are no close substitutes and for which entry by potential rivals is prohibitively difficult is: A. a duopoly. B. a monopoly. C. an oligopoly. D. perfect competition.
Weegy: An industry that contains a firm that is the only producer of a good or service for which there are no close substitutes and for which entry by potential rivals is prohibitively difficult is: (b). Monopoly. (More)
Question
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Asked 317 days ago|6/10/2013 8:18:35 PM
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A natural monopoly exists whenever a single firm: A. is owned and operated by the federal or local government. B. is investor owned but granted the exclusive right by the government to operate in a market. C. confronts economies of scale over the entire range of production that is relevant to its market. D. has gained control over a strategic input of an important production process.
Weegy: A natural monopoly exists whenever a single firm: C. confronts economies of scale over the entire range of production that is relevant to its market. (More)
Question
All Categories|No Subcategories|Expert Answered
Asked 317 days ago|6/10/2013 9:09:48 PM
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