If in an industry, none of the many sellers could influence the price of supply of its products, this industry would be characterized as
a) oligopoly
b) monopoly
c) pure competition
d) oligopolistic competition
e) monopolistic competition
Answer: c
If in an industry, none of the many sellers could influence the price of supply of its products, this industry would be characterized as
a) oligopoly
b) monopoly
c) pure competition
d) oligopolistic competition
e) monopolistic competition
Answer: c