An industry comprising 5 firms, each with about 20 percent of the total market for a differentiated product, is an example of Multiple Choice oligopoly. pure competition. pure monopoly. monopolistic competition.

An industry comprising 5 firms, each with about 20 percent of the total market for a differentiated product, is an example of Multiple Choice oligopoly. pure competition. pure monopoly. monopolistic competition.

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter11: Monopolistic Competition, Oligopoly, And Game Theory

Section: Chapter Questions

Problem 6QP

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Question

An industry comprising 5 firms, each with about 20 percent of the total market for a differentiated product, is an example of
Multiple Choice
oligopoly.
pure competition.
pure monopoly.
monopolistic competition.

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