What Is the Most Important Characteristic of Oligopoly

question 46

Multiple Choice

What is the most important characteristic of oligopoly?

• A)firms have market power
• B)product differentiation
• C)low barriers to entry
• D)interdependence of profits
• E)none of the above

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Definitions:

Spot Exchange Rates

The current exchange rate at which a currency can be bought or sold for immediate delivery.

Speculative Derivatives

Financial instruments used to speculate on the future movements of asset prices, without intention of holding the underlying assets.

Net Income

The total amount of profit earned by a company after all expenses and taxes have been subtracted from revenue.