An Oligopoly May Result From

question 161

Multiple Choice

An oligopoly may result from:

• A)increasing returns to scale.
• B)standardization of a product.
• C)low or no barriers to entry.
• D)price-taking conditions for both buyers and sellers.

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Definitions:

Miguel

This term may refer to numerous individuals or concepts; without additional context, it is difficult to provide a specific definition.

Parrot

A type of bird known for its brightly colored feathers and ability to mimic sounds and human speech.

Bus

A large vehicle designed to carry numerous passengers along designated routes, commonly used for public transportation.

Month

A unit of time, used in calendars, that is approximately based on the natural period related to the motion of the Moon; around 30 days.