Which of the Following Is a Distinguishing Characteristic of Oligopoly

question 119

Multiple Choice

Which of the following is a distinguishing characteristic of oligopoly?

• A) Natural barriers cannot prevent the entry of new firms.
• B) Each firm's actions influence the profits of all the other firms.
• C) Firms are free to enter and exit the industry.
• D) A large number of firms compete.

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Definitions:

Extraversion/Surgency

A personality trait characterized by high levels of energy, sociability, talkativeness, and a tendency towards seeking stimulation and company.

High Stimulating

Pertains to environments, activities, or stimuli that are rich in sensory input and can elicit strong physiological or psychological responses.

Temperament Stability

The consistency of an individual's mood, disposition, and behavioral tendencies over time.

Temperamental Style

Individual differences in emotional reactivity and self-regulation that are present from birth and form the basis of personality.