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:

Educational Demands

The requirements, expectations, and workload placed on students by educational systems, often reflecting academic standards and goals.

Friendships

Mutual affectionate relationships between two or more individuals, characterized by trust, support, and communication.

Protection

Measures or actions taken to guard against harm, loss, or unwanted access, ensuring safety and security.

Stress

The body's response to any demand or challenge, which can be physical, mental, or emotional.