An Oligopolist Differs from a Perfect Competitor in That

question 62

Multiple Choice

An oligopolist differs from a perfect competitor in that

• A)there is cutthroat competition in perfect competition but little competition in oligopoly because firms have significant market power.
• B)firms in an oligopoly do not produce homogeneous products while firms in perfect competition do.
• C)the market demand curve for a perfectly competitive industry is perfectly elastic but it is downward-sloping in an oligopolistic industry.
• D)there are no entry barriers in perfect competition but there are entry barriers in oligopoly.

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Definitions:

Shielded Twisted Pair Cable

A type of cable in which the pairs of conductors are twisted together for the purposes of canceling out electromagnetic interference from external sources, with an additional shield to further protect against interference.

Thermocouple Inputs

Inputs that receive signals from thermocouples, which are temperature-measuring devices consisting of two dissimilar metals joined together, generating a voltage related to temperature.

Electrical Noise

Undesired noise overlaid on a meaningful signal, making its informational content difficult to discern.

Analog Input Or Output

Refers to signals or data that represent a continuous range of values, as opposed to digital signals' discrete, on/off states.