Which Statement About Oligopoly Is False

question 24

Multiple Choice

Which statement about oligopoly is false?

• A) Oligopolistic firms recognize their interdependence.
• B) Prices in oligopoly are predicted to fluctuate widely and frequently.
• C) A few firms play an important role in the sale of a product.
• D) One firm's behavior is a function of what its rivals do.

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Definitions:

Leadership

The act of guiding or directing a group towards achieving a common goal through influence and motivation.

Visionary Leadership

A leadership style characterized by the ability to envision future possibilities and inspire others to work towards these goals.

Core Principle

Fundamental beliefs or guiding truths that form the foundation for the system of thought or behavior of an individual, group, or organization.

Managers

Professionals responsible for planning, leading, organizing, and controlling resources to achieve organizational goals.