Which statement is true?

A) Most oligopolies operating in the U.S.are in the middle of the competitive spectrum.
B) There is general agreement about the degree of competition in any given industry.
C) Most oligopolies operating in the U.S.are at or near the cutthroat competition end of the competitive spectrum.
D) It is hard to place American industry on the competitive spectrum because different industries have different competitive situations.

Competitive Spectrum

The range of competition levels across different markets or industries, highlighting the variations from monopolies to perfectly competitive markets.

American Industry

Refers to the manufacturing, production, and services sectors within the United States that are significant contributors to its economy.

Cutthroat Competition

A market situation characterized by aggressive price cutting and marketing strategies among competitors aimed at gaining a larger market share.