The level of competition least beneficial to business owners is oligopoly. monopoly. pure competition. monopolistic competition. ______ An example of horizontal consolidation is when a bank acquires a company that produces vaults. purchases a share of the U.S. Treasury. divides into two new banks. combines with another bank. _______ Monopolistic competition is a market structure that has few competitive firms with the same products. many sellers with differentiated products. a perfectly elastic demand curve. one seller. _______ The level of competition most beneficial to consumers is oligopoly. monopoly. pure competition. monopolistic competition. _______ In a specific industry, two dominant firms work together to set prices. We call this competition. collusion. market dominance. market influence. _______ A firm's purpose in nonprice competition is to produce at the lowest cost possible. encourage other firms to cooperate in setting prices. establish extensive control of their particular market. distinguish their products from those of other companies."
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