Two Important Characteristics of Oligopolists Are That They Have Significant

question 228

True/False

Two important characteristics of oligopolists are that they have significant control over price and that there is mutual interdependence among them.

---

Definitions:

Life Estate

An ownership interest in which the holder has the right to possess the property until her or his death.

Eminent Domain

The right of a government or its agent to expropriate private property for public use, with payment of compensation.

Trade Secret

Confidential business information that provides a competitive edge and is subject to efforts to maintain its secrecy.

State Official

An individual who holds an office or position of authority in the government of a state.