An Oligopoly Would Tend to Restrict Output and Drive Up

question 62

Multiple Choice

An oligopoly would tend to restrict output and drive up price if

• A)barriers to entering the industry are negligible.
• B)firms engage in informative advertising.
• C)firms produce a standardized product.
• D)firms collude and behave like a monopoly.

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The study of heredity and the variation of inherited characteristics.

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the effects that hormones have on various aspects of behavior and physiology, affecting mood, growth, metabolism, and reproductive functions among others.

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Twins who have developed from a single fertilized egg and share all of their genes, known as monozygotic twins.

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Pertaining to the process of growth or development, especially the psychological and physiological growth and changes that occur in human beings throughout their lifespan.