An oligopoly exists when there are many small businesses selling one standardized product.
Correct Answer:
Verified
Q55: _ exists when there are many small
Q56: _ relates to the number of goods
Q57: Monopolistic competition exists when there is only
Q58: A product's equilibrium price is constantly changing
Q59: Demand is the quantity of goods and
Q61: Increased unemployment can reduce consumer demand for
Q62: What is an economic contraction,and what can
Q63: Economic contraction occurs when
A) spending increases.
B) spending
Q64: A severe recession may turn into a
Q65: When a nation takes more from taxes
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents