Which of the Following Is Always a Characteristic of the Oligopoly

question 171

Multiple Choice

Which of the following is always a characteristic of the oligopoly market structure? ​

• A) ​Many sellers, each small in size relative to the overall market.
• B) ​ Few sellers.
• C) ​All sellers produce identical products.
• D) ​Easy, low-cost entry and exit.

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Definitions:

Marigold

A genus of annual or perennial, mostly herbaceous plants in the sunflower family, known for their vibrant yellow or orange flowers.

Implicit Cost

The opportunity cost equal to what a firm must give up in order to use resources that it already owns, as opposed to explicit costs that are directly paid.

Future Earnings

Projected income that an entity or individual anticipates receiving over a specified future period, often used in valuation or investment analysis.

Migration

The movement of individuals or groups from one location to another, often in pursuit of better living conditions, job opportunities, or safety.