An oligopoly can be described as an industry in which _____ .
Select one:

a) 7-9 companies produce half of the output

b)one company produces most of the output

c)3-5 companies produce most of the output

d)7-9 companies produce most of the output

Answers

Answer 1

Answer:

c

Explanation:

Answer 2

(C) 3-5 companies produce most of the output.

Oligopoly:A market structure known as an oligopoly occurs when a few large sellers or manufacturers control a sizable portion of a market or an entire sector. Oligopolies are frequently the outcome of corporate collaboration as a way to increase profits. Because of the decreased competition, customers will pay more and workers will earn less.Many industries, including civil aviation, energy providers, the telecommunications industry, rail freight markets, food processing, funeral services, sugar refining, beer production, pulp and paper manufacturing, and auto manufacturing, have been identified as being oligopolistic.

Therefore, an oligopoly can be described as an industry in which (C) 3-5 companies produce most of the output.

Know more about Oligopoly here:

https://brainly.com/question/13658628

#SPJ2


Related Questions

Other Questions
what is your name ? convert into statement . Is 5/2 to the right of number 1 on number line? Sadie is saving for a new car. Below is the total amount of money in her savings account on the last day of each month. show all steps to find the mean amount of money Sadie saves each month. Round your answers to the nearest cent.Are physical activities becoming safer or more dangerous Which of the following did NOT cause the rise of the Renaissance?A. The arrival of the Ottoman Turks in Italy to occupy it and spread learning in the conquered areas B. Survivors from the Black Death who wanted to improve the field of medicine and science C. The influence from Asia seen and brought home by those who participated in the crusadeD. The expansion of trade and the allocation of funds to the beautification of the surroundings. The equation y+4x=100 represents your distance y (in meters) from the finish line x seconds after you begin your leg of a relay race. The equation y+3.5x=96 represents your opponents distance from the finish line. How far do you need to run until you catch up to your opponent? For which values is this undefined (what numbers makes the denominator 0) Factorise (a-2b) (3+x) The government of Happyland collects $100 million in taxes each year and currently has a public debt of $1.2 billion, which it finances by issuing Treasury bonds that pay 8% per year. Is this a manageable level of debt for the government of Happyland?No, the debt is not manageable because the government must repay the entire $1.2 billion debt at the end of the year.No, the debt is not manageable because interest payments equal $96 million per year.Yes, the debt is manageable because the public debt is only 12 times the size of tax revenues.Yes, the debt is manageable because an interest rate of 8% is relatively low. Judy Blume's career as an American writer spans four decades and includes many literary awards. She is most famous for her novels geared toward pre-teens. One notable example is Tales of a Fourth-Grade Nothing. However, Blume also has had success writing for an adult audience. Three of her novels for adults reached the New York Timesbest-seller list. In a 2008 interview Blume remarked, "I have so many stories left to tell!" By that time she had written nearly 30 novels. Judy Blume is an exceptionally talented and productive American author.How does the third sentence ("However, Blume also has. ...") support the main idea of the paragraph? (5 points)Group of answer choicesIt tells you that the author once wrote for children but has changed her focus and preference to adults.It tells you that the author has great talent because she writes good stories for children as well as adults.It points out that the author has written more books for children than she has written, or plans to write, for adults.It points out that the author only writes stories that she expects will win awards or sell well among adults. Muriel Evans writes the following note on the back of an envelope: "I, Muriel Evans, promise to pay Karen Marvin or bearer $100 on demand." Is this a negotiable instrument? Discuss why or why not. Help w this Ill give brainliest 1. Which elementof a short story refers to the time and location where the story happens? A rectangle has a length of 10 cm and a width of 7 cm. What is its perimeter?44 cm70 cm34 cm17 cm What is the MAD of these numbers: 52, 65, 63, 48, 52, 53, 60 Estimate 101238 using benchmark values. Your equation must show the estimate for each fraction and for the solution. explain which government does not truly get to decide how to spend all the money in its budget integrate the following by parts |x^2 e^2x dx What should I wear for "Tacky Tourist day" at school I don't want to look bad. I want to impress a boy. find the equation of the line drawn in the coordinate system below Part D Consider again the silent film adaptation of the story. What elements, such as acting, costumes, or music, stood out to you as being effective or ineffective in presenting this story?