Task. Say if these sentences are true or false

  • Automobile industry is an example of monopolistic market
  • False
  • Governments often pursue anti-monopolistic policies
  • In a market with monopolistic competition it is not easy to enter the market with a new product
  • In a purely competitive market products are normally pretty differentiated
  • In an oligopoly a lot of large firms operate
  • The market category depends on the number of competitors in the market
  • True
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