The Distinguishing Features of Oligopoly Are _______ and _______ in the Industry

question 98

Multiple Choice

The distinguishing features of oligopoly are _______ and _______ in the industry.

• A) no barriers to entry; a large number of firms
• B) no barriers to entry; few firms
• C) barriers to entry; a large number of firms
• D) barriers to entry; few firms

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Definitions:

Savings Options

Various financial vehicles available for setting aside money, such as savings accounts, certificates of deposit, and money market funds, with the aim of earning a return.

Compounded Weekly

Refers to interest earned or paid that is calculated on a weekly basis, with each week's interest added to the principal amount.

Emergency Fund

A reserve of money set aside to cover unexpected expenses or financial emergencies.

Lump Sum

A single payment made at a particular time, as opposed to a series of smaller payments or installments.