"Oligopoly and Monopoly"

Automobile manufacturing, steel, and mobile phone companies are examples of ____.

oligopolies - (¿A.R?)

Oligopoly markets are dominated by ____ businesses.

a few - (¿A.R?)

Oligopoly decisions are influenced by their ____ choices.

competitors’ - (¿A.R?)

Prices are different for different types of cereal because of ____.

differentiation - (¿A.R?)

Cold breakfast cereal is an example of a(n) ____ market.

oligopoly - (¿A.R?)

When many resources are required to start a business, a ____ exists.

barrier - (¿A.R?)

A monopoly has ____ business(es).

one

Compared with a perfectly competitive market, a(n) ____ has a lot of market power.

monopolist - (¿A.R?)

In what market model would a company produce a unique product with only a few close substitutes?

Oligopoly - (¿A.R?)