The market for the products of tool and die manufacturers is
relatively easy to enter and includes a large number of firms that
produce a variety of fixtures, dies, molds, machine tools, cutting
tools, gauges, and other tools used in other manufacturing
processes.
1. The above information about tool and die manufacturers
implies the industry is a:
a. perfectly competitive industry
b. monopolistically competitive industry
c .oligopoly
d. monopoly
2. How would a decrease in economic activity leading to a...