When there are just a few firms in the industry, the industry structure is most likely to be:
A. a perfectly competitive industry.
B. an oligopoly market.
C. a monopoly market.
D. a natural monopoly market.
Answer:B
When there are just a few firms in the industry, the industry structure is most likely to be:
A. a perfectly competitive industry. B. an oligopoly market. C. a monopoly market. D. a natural monopoly market.