32. In very small towns where there is only one grocery store, the market form is
A) monopoly.
B) oligopoly.
C) monopolistic competition.
D) perfect competition.
33. If you got a new job and moved to Dale, Indiana (population 1,500) you would expect to find
two grocery stores, the market form is
A) monopoly.
B) oligopoly.
C) monopolistic competition.
D) perfect competition.
34. If you got a new job and moved to Terre Haute, Indiana (population 60,000) you would
expect to find ten grocery stores (two Walmart Supercenters, three Krogers, a Meijer, two
IGA affiliates, and two independent grocery stores), the market form is
A) monopoly.
B) oligopoly.
C) monopolistic competition.
D) perfect competition.