Oligopoly Is a Market Structure Characterized By

question 169

Multiple Choice

Oligopoly is a market structure characterized by:

• A) a horizontal demand curve.
• B) a large number of small firms.
• C) interdependence in decisionmaking.
• D) relatively easy entry and exit.

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Definitions:

Judicial Review

The power of courts to assess the constitutionality of legislative acts or governmental actions and to overrule those that are found unconstitutional.

Mob Rule

A situation in which control is taken away from duly elected authorities or established rules and instead is exercised by the masses or crowds, often leading to chaos and disorder.

Judith Sargent Murray

An early American advocate for women's rights and education, known for her essays promoting the intellectual capabilities of women.

Girls Attending College

Refers to the involvement and enrollment of female students in higher education institutions.