The Theory of Oligopoly Suggests That

question 77

Multiple Choice

The theory of oligopoly suggests that

• A)entry into the industry is an important force preventing the exploitation of market power by existing firms.
• B)oligopoly may be the best of the feasible alternative market structures when major scale economies exist.
• C)the tendency toward joint maximization of profits is greater for a large number of sellers than for a small number of sellers.
• D)game theory is interesting theory but not useful for real corporate managers.
• E)innovation is weak when there is no price competition.

---

Definitions:

Horizontal Ruler

A toolbar element or tool in software applications used for alignment and measuring width or layout spacing.

Arrow Key

Keys on a keyboard used to move the cursor in a specified direction.

Group Header

A section in reporting or database software that contains grouped field names, often used to organize or categorize data under common headings.

Page Header

A section located at the top of a page in a document or website, often containing titles, author information, or navigation links.