10. Which of the following statements is supported by the information in the demand schedule for Soda?*

A Demand for soda decreases as the price decreases.

B Price for soda remains constant as the demand increases.

C As the price of soda decreases, the quantity demanded increases.

D As the price of soda decreases, the quantity demanded decreases.

11. In which market structure are there very few large sellers dominate the industry?*

A Perfect competition

B Monopolistic competition

C Oligopoly

D Monopoly

12. Which type of monopoly is the following excerpt describing? "Type of monopoly that exists as a result of the high start up costs and inefficiency of operating a competing business in a particular industry such as public utilities (water and power). Governments often regulate those in operation, ensuring that consumers get a fair deal.*

A Natural monopoly

B Geographic monopoly

C Technological monopoly

D Government monopoly