One of the Main Differences Between an Oligopolistic Firm and a Monopolistically

question 91

Multiple Choice

One of the main differences between an oligopolistic firm and a monopolistically competitive firm is that a monopolistically competitive firm

• A)Faces a horizontal demand curve;an oligopoly does not.
• B)Is relatively independent;an oligopoly is interdependent.
• C)Has no market power;an oligopoly has some market power.
• D)Has high barriers to entry;an oligopoly does not.

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