: 1:50:00 X Time Left:1:48:13 Eva ONDONGO NGALA: Attempt 1 Question 3 (5 points) Match the term that best fits with each statement. O 1. A monopoly faces no significant competition, so it can set the , subject to the demand curve. gives the inventor the exclusive > patents legal right to make, use, or sell the invention for a limited time. oligopoly 3. Predatory pricing is a scheme for creating barriers to entry to deter potential price competitors from entering a market, in which a firm uses the threat of sharp price to discourage competition. co cuts 4. A market that features a large number of competing firms, but the products that V monopolistic competition they sell are not identical but are differentiated is is a type of imperfect competition, a market that features a small number of firms that dominate the market