FIN 351 CHAPTER 6 QUIZ 31 TO 35
31. The structure of competition of an industry, and how freely companies can compete with each other, is irrelevant for the analysis of companies
32. Oligopolistic industries are characterized by many competitors and few barriers to entry
33. Competition can be intense in oligopolies, due to price wars and international competition.
34. Pure competition in manufacturing is common in the United States
35. Companies that do not have a differentiated product and compete on price are probably in purely competitive industries