A firm is operating in the United States with only two other competitors in the industry. a. It is likely this industry would be characterized as:

Oligopoly

Explanation:

In an Oligopolistic industry, the market is populated by few producers who control the market.

Oligopolistic industries have high barriers to entry because they usually benefit from economies of scale and so will require a huge cash outlay which still would not guarantee success as the other firms already have a firm grasp on the market.

If an industry has only 3 competitors as the one in the question, it is most likely an Oligopoly.

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

arrowright

anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

arrowright

nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

arrowright