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kayla lanzotti
on Dec 13, 2024

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Boeing, Northrup Grumman, and Lockheed Martin control the vast majority of the U.S. defense contractor industry. In terms of the form of competition, this industry is an example of a(n)

A) an oligopoly.
B) a conglomerate.
C) a pure monopoly.
D) pure competition.
E) monopolistic competition.

Oligopoly

A market structure dominated by a small number of large firms, leading to limited competition.

Defense Contractor Industry

Companies that provide products and services to military departments and agencies, including the development and manufacturing of weapons, equipment, and technology.

U.S. Defense Contractor

Companies that provide products and services to the U.S. military and national security agencies, ranging from weaponry to technology solutions.

  • Recognize and clarify distinctions among different market competition frameworks.
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Wesley KusumaDec 13, 2024
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