As the Number of Firms in the Oligopoly Grows Very

question 25

Multiple Choice

As the number of firms in the oligopoly grows very large, the

• A)output effect disappears.
• B)price effect disappears.
• C)output effect equals the price effect.
• D)price of the product greatly exceeds marginal cost.

---

Definitions:

Agreeableness

A personality trait characterized by kindness, empathy, trust, and cooperativeness.

Big Five Model

A psychological framework that identifies five broad personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Neuroticism

A personality trait characterized by anxiety, fear, moodiness, worry, envy, frustration, jealousy, and loneliness.

Career Change

The process of switching from one profession or occupation to another, often involving retraining and the development of new skills.