Asked by Craig Wholey on Jun 08, 2024
Verified
____ are corporations that are so large and influential they are able to dominate an industry and set prices.
A) bureaucracies
B) codetermination circles
C) oligopolies
D) management circles
E) insider trading clubs
Oligopolies
Giant corporations that control part of an economy. They are few and tend not to compete against one another. Instead, they can set prices at levels that are most profitable for them.
Dominate an Industry
To be the most influential or powerful entity within a particular market or sector, often through superior products, market share, or innovative strategies.
- Study the exclusive traits of capitalism and review its impact on labor industries.
Verified Answer
Learning Objectives
- Study the exclusive traits of capitalism and review its impact on labor industries.
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