Which of the Following May Not Characterize an Oligopoly

question 29

Multiple Choice

Which of the following may not characterize an oligopoly?

• A)A few firms.
• B)No market power.
• C)High barriers to entry.
• D)Substantial control over price.

---

Definitions:

Equilibrium

The state in which the concentrations of reactants and products in a reversible chemical reaction are unchanged over time, indicating a balance in the rate of forward and reverse reactions.

Synthetic Route

The planned sequence of chemical reactions used to convert starting materials into desired products in the laboratory or industry.

Reagents

Chemical substances that are employed to bring about a chemical reaction in a provided set of reactants.

Reaction

A process in which substances (reactants) are transformed into different substances (products) through chemical change.