In Oligopoly, a Firm Must Realize That

question 127

Multiple Choice

In oligopoly, a firm must realize that:

• A)what it does has no effect on the other firms in the industry.
• B)its behavior will be ignored by other firms in the industry.
• C)another major firm may dominate choices in the industry, and it will need to behave accordingly.
• D)collusion was made legal in 2004.

---

Definitions:

Cross-Cultural Research

Research designed to compare and contrast people of different cultures or to understand the influence of different cultural contexts.

Brain-Based Education

An educational approach that utilizes knowledge about the brain's functioning and development to inform teaching practices and learning strategies.

Active Learning

A learning approach that involves the active participation of the learner through problem-solving, discussion, or hands-on experiences, enhancing understanding and retention.

Academically Oriented

Pertaining to a strong focus on or interest in academic subjects and achievement.