In Oligopoly, a Firm Must Realize

question 189

Multiple Choice

In oligopoly, a firm must realize:

• A) that what it does affects the other firms in the industry.
• B) that it must pursue policies always remembering there will be a reaction to those policies by other firms in the industry.
• C) that it is in an industry in which one major firm may dominate and the firm will need to judge its actions accordingly.
• D) all of the above.

---

Definitions:

Emotional

Pertains to feelings, moods, and their effects on personal and social functioning.

Facial Expressions

Nonverbal cues communicated through movements of the facial muscles, conveying emotions or reactions.

Developmental Goal

An aim or objective related to the progression and growth in any aspect of a person's life, such as emotional or intellectual development.

Mastery-Oriented

Characterized by a persistent and active engagement in activities to achieve competence and excel.