If Oligopolists Compete Hard Against Each Other

question 46

Multiple Choice

If oligopolists compete hard against each other,

• A) they end up acting very much like imperfect competitors.
• B) costs for all are driven up.
• C) zero profits result for all.
• D) they end up acting very much like monopolistic competitors.

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Definitions:

Quasi-Courtship Behavior

Actions that resemble courtship but do not lead to a committed relationship, often used in flirting or social interactions.

Onomatopoeia

A word like hum, buzz, or snort that recreates a sound it represents.

Malapropism

Confusion of one word or phrase for another that sounds similar to it.

Jargon

Another name for restricted code; specialized terms or abbreviations whose meanings are known only to members of a specific group.