Which of the Following Is NOT a Characteristic of an Oligopoly

question 80

Multiple Choice

Which of the following is NOT a characteristic of an oligopoly?

• A) small number of firms
• B) has some pricing power
• C) the firms are interdependent
• D) the good produced may be unique or not
• E) low barriers to entry

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Definitions:

Carol Gilligan

An American feminist, ethicist, and psychologist known for her work on moral development, especially in relation to ethical relationships and feminist ethics.

Early Maturation

The process of reaching physical and sexual development earlier than what is considered typical for one's age group.

Late Maturation

The condition of experiencing the physical, psychological, and behavioral changes associated with becoming mature later than the average among peers.

Sociohistorical Context

The social, cultural, and historical influences that shape behaviors, beliefs, and conditions at a given time or over time.