Two Characteristics of Oligopoly Pricing That Have Frequently Been Observed

question 104

Multiple Choice

Two characteristics of oligopoly pricing that have frequently been observed are that

• A)oligopolistic prices tend to be "sticky" or inflexible, and when the firms do change their prices, they tend to do so together.
• B)oligopolistic firms' prices tend to fluctuate a lot, and these prices tend to move together with each other.
• C)oligopolists tend to practice a lot of price discrimination, and there tends to be a wide variance in oligopoly pricing.
• D)oligopolistic firms' prices tend to fluctuate a lot, and there tends to be a wide variance in oligopoly pricing.

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A fiscal planning tool that varies with the levels of output or sales, designed to allocate resources more effectively.

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Materials used in the process of renovating and restoring products or facilities to a like-new condition.

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