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Q: Which of the following is an example of an oligopoly? a. A weekly farmers market offering buyers diverse choices of vegetables, fruits, and baked goods from area farms. b. AT&T s control of the
long distance land-line phone market in the 1980s. c. The nationalization of the airline QANTAS by the Australian government. d. The domination of the music industry by four major companies; Sony, EMI, Universal, and Warner. Please select the best answer from the choices provided
A: Oligopoly: a situation in which a particular market is controlled by a small group of firms. From the list, the domination of the music industry by four major companies; Sony, EMI, Universal, and Warner, [ is an example of an oligopoly. ]
Expert answered|Janet17|Points 652|
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Asked 4/16/2013 4:14:36 PM
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True or false: Equilibrium occurs when the quantity supplied exceeds the quantity demanded.
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Expert Answered
Updated 9/17/2015 3:50:36 AM
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Equilibrium occurs when the quantity supplied exceeds the quantity demanded. FALSE.
Added 9/17/2015 3:49:27 AM
This answer has been confirmed as correct and helpful.
Confirmed by selymi [9/17/2015 3:50:27 AM]
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