Question: Question 11 Urst Ammunition Inc., a firm controlled and managed by the government of Urst, is the only company that has the license to produce

Question 11

Urst Ammunition Inc., a firm controlled and managed by the government of Urst, is the only company that has the license to produce defense arms in the country. Which of the following industry competitive structures does this best illustrate

a. monopolistic competition

b. oligopoly

c. monopoly

d. perfect competition

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