Which of the Following Would Make It Difficult for Oligopolists

question 146

Multiple Choice

Which of the following would make it difficult for oligopolists to collude?

• A)There are few firms in the market.
• B)There are few buyers in the market.
• C)The oligopolists have similar costs of production.
• D)Oligopolists usually produce a homogeneous product.

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Definitions:

Monthly Reward

A regular incentive or benefit given once a month, often as recognition for achievements or maintained standards.

Classical Conditioning

A conditioning strategy where two stimuli are repeatedly linked; a response that initially arises from the second stimulus ultimately arises from the first stimulus alone.

Learned Association

A behavioral principle where a subject starts associating a previously neutral stimulus with a significant one after repeated pairing.

Fixed-Interval Schedule

A type of operant conditioning reinforcement schedule where rewards are delivered at predictable time intervals, provided that the correct response is made.