Which of the Following Is a Distinguishing Characteristic of Oligopoly

question 52

Multiple Choice

Which of the following is a distinguishing characteristic of oligopoly?

• A) No one firm's actions directly affect the actions of the other firms.
• B) Firms are free to enter and exit the industry.
• C) A small number of firms compete.
• D) Natural barriers cannot prevent the entry of new firms.

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Definitions:

Fresh Water

Water that has low concentrations of dissolved salts (salinity) and other total dissolved solids, commonly found in rivers, lakes, streams, and underground aquifers.

Inverted Ecological Pyramids

describe situations in ecosystems where higher trophic levels have greater biomass or numbers than lower levels, contrary to the typical pyramid shape.

Aquatic Ecosystems

Environments in water where organisms interact with each other and with their surrounding physical environment, including oceans, lakes, and rivers.

Nitrification

A microbial process by which ammonia is oxidized to nitrites and then nitrates, a crucial part of the nitrogen cycle in soils.