Because There Are Only a Few Firms in Markets with Oligopolistic

question 13

Multiple Choice

Because there are only a few firms in markets with oligopolistic competition,

• A)everyone is a price taker.
• B)producers do not have to consider the reactions of rival firms.
• C)government often encourages consolidation to reduce the number of competitors.
• D)price wars may occur.
• E)the many competitors will focus on product differentiation.

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