When a few companies dominate the market, it is called _____

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When a few companies dominate the market, it is called ______. a monopoly an oligopoly a trust

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Asked 3/5/2012 4:38:14 PM

Updated 2/12/2014 4:56:18 PM

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Flagged by andrewpallarca [2/12/2014 4:56:00 PM]

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User: When a few companies dominate the market, it is called ______. a monopoly an oligopoly a trust

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Asked 3/5/2012 4:38:14 PM

Updated 2/12/2014 4:56:18 PM

1 Answer/Comment

Flagged by andrewpallarca [2/12/2014 4:56:00 PM]

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andrewpallarca

When a few companies dominate the market, it is called OLIGOPOLY.

Added 2/12/2014 4:56:18 PM

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Solve the following system of equations. 2x + y = 3 x = 2y - 1

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Updated 11/19/2014 10:36:08 AM

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yeswey

2x + y = 3
x = 2y - 1
substitute x in the first equation the result is:
2(2y - 1) + y = 3
4y - 2 + y = 3
5y = 3 + 2 = 5
y = 5/5 = 1
x = 2(1) - 1 = 2 - 1 = 1
The solution for the system 2x + y = 3 x = 2y - 1 is (1, 1)

Added 11/18/2014 11:47:54 PM

This answer has been confirmed as correct and helpful.

Confirmed by andrewpallarca [11/19/2014 10:36:01 AM], Rated good by andrewpallarca

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