One Characteristic of Oligopolistic Markets Is

question 19

Multiple Choice

One characteristic of oligopolistic markets is

• A)a large number of firms in the industry.
• B)ease of entry and exit.
• C)zero profits in the long run.
• D)a horizontal demand curve facing each individual firm.
• E)mutual interdependence between firms.

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Definitions:

Neural Impulses

Electrical signals that travel along the neurons, allowing communication between different parts of the body and the brain.

Specialization

The process of focusing on a narrow area of expertise or developing specific skills in a particular field or activity.

Dominant

In genetics, a term referring to the allele that masks the effect of a recessive allele for a particular trait when they are paired together.

Inanimate Things

Objects that do not possess life or consciousness.