The Defining Characteristic of Oligopoly Is Product Differentiation

question 103

True/False

The defining characteristic of oligopoly is product differentiation.

---

Definitions:

Cause-Effect

The principle that an action or event (cause) results in a consequence or outcome (effect).

Configural Model

Asch’s Gestalt-based model of impression formation, in which central traits play a disproportionate role in configuring the final impression.