Question

Which of the following best describeslimited competition?
A) A single firm that dominates an industry
B) A market that has many producers and sellers, but only a few products
C) A few firms that dominate an industry
D) Customers that pay directly for media goods, such as a cable TV or a magazine subscription
E) A company that is limited in the way it can compete with its rivals, as in case of price fixing

Answer

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