Which One of the Following Characteristics Applies to Oligopolistic Markets

question 40

Multiple Choice

Which one of the following characteristics applies to oligopolistic markets?

• A)There is a large number of firms.
• B)The absence of barriers to entry of firms.
• C)Firms are large relative to the size of the market.
• D)All firms are price takers.
• E)Firms produce only differentiated products.

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