An Oligopoly Is Characterized by

question 83

Multiple Choice

An oligopoly is characterized by

• A)few firms, which have control over market price
• B)many firms and some barriers to entry
• C)a large number of firms and no barriers to entry
• D)a single firm and no barriers to entry
• E)a single firm and significant barriers to entry

---

Definitions:

Inert Gas

A gas, such as argon or nitrogen, that does not undergo chemical reactions under a set of given conditions.

Oxidation

The result of oxygen reacting with a substance such as a metal or oil. Rust is the result of oxidizing iron.

Chassis Electrical System

The network of electrical components and wiring that provides power and function to a vehicle's operational systems.

Power Distribution Module

A component in a vehicle or system that manages the distribution and regulation of electrical power to various parts.