A Common Characteristic of Oligopolies Is

question 186

Multiple Choice

A common characteristic of oligopolies is:

• A) interdependence in pricing decisions.
• B) independent pricing decisions.
• C) low industry concentration.
• D) few or no plant-level economies of scale.

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Definitions:

Power Generators

Machines or devices that transform various forms of energy into electrical power.

Capital Formation

The process of building up the physical and financial assets of a country or region for the purpose of increasing its capacity for production.

Economic Growth

An increase in the amount of goods and services produced per head of the population over a period of time.

Human Resources

The department within an organization that is responsible for managing employee-related processes including hiring, training, compliance, and benefits.