Which of the Following Is a Characteristic of an Oligopolistic

question 96

Multiple Choice

Which of the following is a characteristic of an oligopolistic industry?

• A) interdependence of a firm's price and output decisions
• B) low barriers to entry
• C) small output of individual firms relative to the total market
• D) a large number of competing firms

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Definitions:

Concentrate

To focus one's attention or mental effort on a specific object, task, or activity.

Sleeping

The natural state of rest characterized by altered consciousness, relatively inhibited sensory activity, and reduced muscle activity, vital for health and well-being.

Mortality

The state of being mortal or the incidence of death within a specific population or demographic.

Personal Friendships

Relationships based on mutual affection, trust, and support between individuals.