Oligopoly Is Similar to

question 48

Multiple Choice

Oligopoly is similar to

• A)perfect competition because both market types produce identical goods.
• B)perfect competition because both firms in both market types make zero economic profit in the long run.
• C)monopoly because both market types have barriers to entry.
• D)monopoly because both market types have a single firm.
• E)monopolistic competition because firms in both markets face a perfectly elastic demand.

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Definitions:

EBITDA

Earnings Before Interest, Taxes, Depreciation, and Amortization, a measure used to analyze and compare profitability between companies and industries.

Operating Net Cash Flow

The amount of cash generated by a company’s normal business operations over a specific period.

Profitable New Plant

A profitable new plant refers to a newly established manufacturing or production facility that generates earnings in excess of its operating and capital costs.

Long-Term Debt

A type of loan or borrowing that is due for repayment in more than one year.