Why Is the Upper Bound of Oligopolies Difficult to Define

question 42

Multiple Choice

Why is the upper bound of oligopolies difficult to define?

• A)The designation depends on whether firms in these markets are monitoring and reacting to specific rival behavior.
• B)The firms must make their moves carefully, knowing that rivals will detect their actions and respond accordingly.
• C)The firms in oligopolies are locked in tight competition with only a few other firms.
• D)The number of firms in these markets in some cases can be up to 100 or 150.

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