Which of the Following Statements Is Not True of Oligopoly

question 83

Multiple Choice

Which of the following statements is not true of oligopoly markets?

• A)Significant economies of scale often exist in such industries.
• B)Firms seek to avoid price competition.
• C)Firms often compete through the use of advertising campaigns.
• D)Firms act independently and are not worried about the actions of their competitors.

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Freedom of Information Act

A U.S. federal law that allows for the full or partial disclosure of previously unreleased information and documents controlled by the United States government.

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A status granted to individuals, typically government employees or contractors, allowing them access to classified information.

Federal Reserve System

The central banking system of the United States, responsible for setting monetary policy and regulating banks.

Interest Rates

The amount charged by lenders as a percentage of the principal borrowed, influencing economic activity and financial decisions.