The largest cattle rancher in a given region will be unable to have a __________ when sufficient numbers of smaller cattle ranchers provide sources of competition.
A. oligopoly
B. patent
C. monopoly
D. monopolistic competition
Answer:C
The largest cattle rancher in a given region will be unable to have a __________ when sufficient numbers of smaller cattle ranchers provide sources of competition.
A. oligopoly B. patent C. monopoly D. monopolistic competition
Explanation: 2. Which of the following is most unlikely to present a barrier to entry into a market?