Which of the Following Is a Characteristic of Oligopoly

question 109

Multiple Choice

Which of the following is a characteristic of oligopoly?

• A) The pricing policies of one firm have no impact on pricing policies of other firms.
• B) The industry usually has a low concentration ratio.
• C) Firms compete solely on the basis of price.
• D) Prices are usually above marginal costs.
• E) There are large numbers of significantly sized sellers

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Definitions:

Security Interest

A legal claim or right granted over assets as collateral to secure the payment of a debt or performance of some obligation.

Purchase Agreement

A legal document outlining the terms and conditions under which a sale of property will take place.

Financing Statement

A document filed to give public notice to third parties of a secured party's interest in the collateral offered by a debtor.

Perfect

To complete or make flawless; in legal terms, it often refers to making a claim or security interest legally valid or enforceable.