If the Number of Firms in an Oligopoly Grows Smaller

question 160

Multiple Choice

If the number of firms in an oligopoly grows smaller, an oligopolistic market looks less and less like:

• A)a monopoly
• B)a duopoly
• C)a competitive market
• D)none of the above

---

Definitions:

Interpersonal Communication Skill

The ability to effectively exchange information, feelings, and meaning between two or more people through verbal or non-verbal methods.

Department of Labor

A government department responsible for overseeing working conditions, wage standards, and employment laws to protect workers' rights.

Conceptual Component

The aspect of understanding that involves the mental processes of grasping ideas, principles, and theories.

Interpersonal Communication

The process of exchanging information, feelings, and meaning between two or more people through verbal and/or non-verbal methods.