Question

Which of the following best describes limited 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 the case of price fixing

Answer

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