Question

Crude oil is supplied to the world market primarily by a few Middle Eastern countries. Such a market is an example of:
(i) a monopoly market.
(ii) an oligopoly market.
(iii) an imperfectly competitive market.
Select one:
a. (i) and (ii)
b. (ii) and (iii)
c. (i) and (iii)
d. (i) only

Answer 1

@Destinymasha @taylor12344

Answer 2

@rhoc @taylor12344 @uri @Preetha @Ashleyisakitty @andy11 @sahrya @ShadowLegendX @SolomonZelman @dan815 @;

Answer 3

Monopolistic competition is identified by
Select one:
a. Several firms producing a slightly differentiated product.
b. Several firms producing identical goods.
c. One firm producing a unique good.
d. A few firms producing a slightly differentiated product.

Answer 4

I not quite sure but..... I think its C

Answer 5

that's 4 tha first ques

Answer 6

k

Answer 7

this answer is also C bcuz Mono mean 1

Answer 8

What does monopolistic competition have in common with perfect competition?
Select one:
a. Both have many firms and the freedom of entry and exit
b. Both have a standardized product
c. Both have product differentiation
d. Both have the ability to earn an economic profit in the long run

Answer 9

give meh a sec on this 1, ok?

Answer 10

its A

Answer 11

is that all @styx_skunks

Answer 12

Because of the number of firms in monopolistic competition
Select one:
a. Each firm has a large market share.
b. It is possible for the firms to collude.
c. No one firm can dominate the market.
d. One firm does have the ability to dictate market conditions.

Answer 13

its C

Answer 14

anymore @styx_skunks

Answer 15

no