Questions
COMM_V 394 103 104 2025W1
Multiple dropdown selections
A country has very low levels of government ownership of factories and only a 10% of workers are employed by the government. Most industries are dominated by a single large firm or a group of companies that coordinate with each other. In class we described economies like this as [ Select ] [ Select ] and gave [ Select ] as an example.
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The question asks us to fill in three blanks about an economy that has very low government ownership, minimal public employment in factories (10%), and industrial structure dominated by a single large firm or several coordinating firms. It then asks for an example country.
Option 1 analysis (Monopoly): The statement describes a market structure where one firm (or a tightly coordinated group of firms behaving as a unit) dominates many industries. When a single entity or a formalized coordination among a few entities effectively controls supply and prices, this is classically described as a monopoly (or near-monopoly conditions, which can arise in oligopo......Login to view full explanationLog in for full answers
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