A Criticism of Oligopolistic Firms Is That They

question 183

Multiple Choice

A criticism of oligopolistic firms is that they:

• A) have high concentration ratios.
• B) are associated with unstable prices.
• C) experience economies of scale.
• D) retard research and development.

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Definitions:

Specified Characteristic

A distinct property or attribute that has been identified or stipulated for observation or study.

Pie Chart

A round statistical diagram segmented into sections to represent numerical proportions.

Qualitative Variable

A variable that categorizes or describes attribute of a data set rather than expressing a numerical value.

Frequency Distribution

A frequency distribution shows how often each different value in a set of data occurs.