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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Definitions:

Self-Liquidating

A term used to describe an asset or a business that can repay or justify its initial cost through generating revenues, profits, or cash flows.

Repay the Loan

The act of paying back borrowed money to the lender according to the agreed terms.

Financial Managers

Professionals responsible for the financial health of an organization, overseeing investment strategies, planning, and managing financial reports.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the business's normal operating cycle.