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Ilya [14]
4 years ago
6

Which of the following examples illustrates an oligopoly market? a. a farmers’ market with many individuals selling sweet corn a

nd tomatoes b. a city whose electrical service is provided by one electric co-operative c. a city with two firms who are licensed to sell school uniforms for the local schools d. a city with many independently-owned hair styling salons
Business
1 answer:
Dominik [7]4 years ago
5 0

Answer:

c. a city with two firms who are licensed to sell school uniforms for the local schools

Explanation:

An oligopoly is an industry that is dominated by few large firms.

characteristics of an oligopoly are :

high barriers to entry or exit of firms

few large firms

interdependence among firms

a farmers’ market with many individuals selling sweet corn and tomatoes is an example of a monopoly

 a city whose electrical service is provided by one electric co-operative is an example of a monopoly

a city with two firms who are licensed to sell school uniforms for the local schools is an example of a duopoly which is a type of monopoly

a city with many independently-owned hair styling salons is an example of monopolistic competition

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3 years ago
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Montano1993 [528]

Answer:

$0.50

Explanation:

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In economics, MR is equivalent to price per unit (P).

Since the profit-maximizing monopolist charged $0.50 per pound of meat, that means P = $0.50.

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Answer:

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