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:

Changes

The act or process through which something becomes different, often leading to new directions in life, behavior, or operation.

Cross-sectional Study

A research method that analyzes data from a population, or a representative subset, at a specific point in time.

Cognitive Changes

Alterations in cognitive functions such as memory, problem-solving, attention, and language abilities that may occur due to aging, brain injury, or neurological conditions.

Simultaneously

Occurring, done, or existing at the same time.