Asked by Craig Wholey on Jun 08, 2024

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____ 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.
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Verified Answer

GT
Grace TedderJun 14, 2024
Final Answer :
C
Explanation :
Oligopolies are characterized by a small number of companies that dominate an industry, giving them significant control over prices and other market factors. Bureaucracies, codetermination circles, management circles, and insider trading clubs do not necessarily have the same level of market dominance and price-setting power.