Which Cannot Be a Characteristic of an Oligopolistic Industry

question 148

Multiple Choice

Which cannot be a characteristic of an oligopolistic industry?

• A) differentiated products
• B) a large number of consumers
• C) significant barriers to entry
• D) a perfectly elastic firm demand curve

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Definitions:

Unethical Business Practices

Behaviors or decisions by businesses that are morally wrong, illegal, or violate professional standards.

Insider Trading

Refers to the illegal practice of trading a public company's stock or other securities based on material, nonpublic information about the company.

High Executive Salaries

Compensation that is significantly above the average wage, typically awarded to top-level management and executives.

Mechanized Process

An automated procedure or method involving machinery or technology to enhance efficiency and reduce human labor.