Which of the Following Is Not True of an Oligopoly

question 195

Multiple Choice

Which of the following is not true of an oligopoly?

• A) They advertise their product.
• B) The firms recognize their interdependence.
• C) A few firm account for a large portion of the total output.
• D) Firms are price takers.

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Definitions:

Connective

A term used in mathematics and logic to denote operations that combine statements, propositions, or terms.

Conditional Statement

A logical statement that has two parts: a hypothesis (if) and a consequent (then), where the consequent follows logically from the hypothesis.

Antecedent

The condition in a conditional statement that if true, may lead to the consequence or conclusion.

Consequent

The outcome or result in a conditional statement, typically following the word "then" in an "if...then..." structure.