Which of the Following Is Not a Characteristic of an Oligopolistic

question 86

Multiple Choice

Which of the following is not a characteristic of an oligopolistic industry?

• A)Substantial barriers to entry.
• B)The output produced by the firms in the industry may be homogeneous or differentiated.
• C)A small number of large firms.
• D)One dominant firm and low entry barriers.

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Definitions:

Specialized Activities

Specialized activities refer to tasks, operations, or processes that require specific expertise or focus in a particular field or area of knowledge, often contributing to more efficient and effective outcomes.

Network Design

The planning and structuring of a network, including the selection and interconnection of network components, to meet specific business or operational requirements.

Geographic Design

The arrangement or planning of elements within a spatial environment based on geographical factors.

Transport Costs

Expenses incurred in the movement of goods or services from one location to another, including costs related to freight, fuel, and logistics.