Which Factor Would Make It Difficult for Oligopolists to Collude

question 44

Multiple Choice

Which factor would make it difficult for oligopolists to collude?

• A)few firms
• B)few buyers
• C)similar costs of production
• D)a homogeneous product

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Definitions:

Tariffs

Taxes imposed on imported goods, typically to protect domestic industries, raise revenue, or regulate trade.

Import Quotas

Restrictions set by a government on the amount of a particular good that can be imported into a country within a given timeframe.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, often measured by GDP.

Central Banks

The primary financial institutions of countries, responsible for monetary policy, currency issuance, and financial stability.