Which of the Following Is a Characteristic of an Oligopoly

question 35

Multiple Choice

Which of the following is a characteristic of an oligopoly market?

• A) All the firms in an industry make equal profits.
• B) The firms in the market make zero economic profits.
• C) Firms can freely enter and exit the market.
• D) The total number of firms in the market is small.

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Definitions:

Empty Chair

A therapeutic technique in which a client engages in a dialogue with an absent person or parts of themselves while using an empty chair to facilitate the conversation.

Wealth

A measure of the value of all the assets of worth owned by a person, community, company, or country.

Income

The monetary payment received for goods or services, or from other sources, as rents or investments.

Inequality

The existence of unequal opportunities and rewards for different social positions or statuses within a group or society.