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Which type of market structure has one seller who maintains strong control over prices?
an industry
pure (perfect) competition
monopolistic competition
an oligopoly
a monopoly
stockholders who have purchased shares
a sole proprietorship
a partnership
Which type of market structure has many sellers, price controls, and non-price competition?
an industry
pure (perfect) competition
monopolistic competition
an oligopoly
a monopoly
stockholders who have purchased shares
a sole proprietorship
a partnership
Which type of business organization is easy to start, flexible in operations, and makes quick decisions?
an industry
pure (perfect) competition
monopolistic competition
an oligopoly
a monopoly
stockholders who have purchased shares
a sole proprietorship
a partnership
Which type of market structure has many sellers, no price controls, and no product differentiation?
an industry
pure (perfect) competition
monopolistic competition
an oligopoly
a monopoly
stockholders who have purchased shares
a sole proprietorship
a partnership
In a corporation, the business is owned by:
an industry
pure (perfect) competition
monopolistic competition
an oligopoly
a monopoly
stockholders who have purchased shares
a sole proprietorship
a partnership
Which type of market structure has a few sellers with high barriers to entry?
an industry
pure (perfect) competition
monopolistic competition
an oligopoly
a monopoly
stockholders who have purchased shares
a sole proprietorship
a partnership
Which type of business organization has greater chances of personal conflicts with divided profits between two people?
an industry
pure (perfect) competition
monopolistic competition
an oligopoly
a monopoly
stockholders who have purchased shares
a sole proprietorship
a partnership
Which of the following is NOT a major types of business organization?
an industry
pure (perfect) competition
monopolistic competition
an oligopoly
a monopoly
stockholders who have purchased shares
a sole proprietorship
a partnership
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