Which of the Following Statements About Oligopolies Is Not Correct

question 49

Multiple Choice

Which of the following statements about oligopolies is not correct?

• A)An oligopolistic market has only a few sellers.
• B)The actions of any one seller can have a large impact on the profits of all other sellers.
• C)Oligopolistic firms are interdependent in a way that competitive firms are not.
• D)Unlike monopolies and monopolistically competitive markets, oligopolies prices do not exceed their marginal costs.

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Definitions:

Family

A social unit consisting of parents and their children, considered as a group, whether dwelling together or not; also can include a broader network of relatives.

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A theory suggesting that the body regulates its weight and energy balance through internal controls, aiming to maintain a certain level or "set point."

Evolutionary

Pertaining to evolution, the process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.

Yerkes-Dodson

A law suggesting that performance increases with physiological or mental arousal to a certain point, but beyond that, performance decreases.