A Natural Oligopoly Can Form

question 24

Multiple Choice

A natural oligopoly can form

• A) if there are economies of scale.
• B) only if firms sell a differentiated good.
• C) only if firms sell a homogeneous good.
• D) if there is only one firm in the industry.

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Definitions:

Sample

A selected portion of a population used in statistical analysis, chosen to represent the whole population in studies or experiments.

Dependent-Samples T Test

A statistical procedure used to compare the means of two related groups to find out if there is a significant difference between them.

Repeated Measures

Refers to experiments or tests in which the same subjects are tested under multiple conditions or at multiple time points.

Dependent-Samples T Test

A statistical test used to compare the means of two related groups or conditions to determine if there are statistically significant differences between them.