In Oligopoly, Firms

question 37

Multiple Choice

In oligopoly, firms:

• A) are able to influence price only if the products produced by the oligopolists are standardised
• B) have no influence over price regardless of whether or not the product is differentiated or standardised
• C) are able to influence price only if the products produced by oligopolists are differentiated
• D) by virtue of their size are able to influence price regardless of whether or not the product is differentiated or standardised

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Definitions:

Performance Appraisal

Performance appraisal is the systematic evaluation of employees' job performance and productivity to understand their abilities for further growth and development within an organization.

Goals

Targets, objectives, or outcomes that an individual, group, or organization aims to achieve.

Forced-Distribution Method

The forced-distribution method involves grouping employees into predefined frequencies of performance ratings.

Performance Ratings

Assessments of an employee's job performance, often used for feedback, development, and decisions about promotions or raises.