Asked by
Dwayne Correia
on Oct 12, 2024Verified
Which of the following is not an oligopolist?
A) The cigarette industry
B) Your local water company
C) The automobile industry
D) OPEC
Oligopolist
A market participant in an oligopoly, a market structure with a small number of firms dominating the industry.
Cigarette Industry
A sector focused on the manufacturing, marketing, and distribution of cigarettes, often scrutinized for health concerns related to smoking.
Local Water Company
A company responsible for providing water supply and wastewater services to a specific local area or community.
- Differentiate among various market structures and understand the competitive behavior within each.
Verified Answer
CJ
Learning Objectives
- Differentiate among various market structures and understand the competitive behavior within each.