Styles ragraph 35. If you got a new job and moved to Indianapolis, Indiana (popu

Question

Styles ragraph 35. If you got a new job and moved to Indianapolis, Indiana (population 800,000) you would expect to find more than 100 grocery stores (several Walmart Supercenters and Super Targets, several Krogers, Marshes and dozens of IGA affiliates and dozens more independent grocery stores), the market form is A) monopoly B) oligopoly. C) monopolistic competition. D) perfect competition. 36. In small towns where there are two grocery stores, the market form is A) monopoly. B) oligopoly. C) monopolistic competition. D) perfect competition.

Explanation / Answer

Answer.)

Q35.) C.) Monopolistic Competition

Q36.) B.) Oligopoly

To be specific, its a case of duopoly, but remember that a duopoly is a special case of oligopoly where there are two firms in the market.

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