Oligopolists Seldom Change Prices, Because They Don't Like Change

question 137

True/False

Oligopolists seldom change prices, because they don't like change.

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Definitions:

Greed

An intense and selfish desire for something, especially wealth, power, or food.

Fear

An unpleasant emotion caused by the belief that someone or something is dangerous, likely to cause pain, or a threat.

Visible Actions

Behaviors or actions that are observable by others and can be seen as indicative of a person's character or intentions.

Learning Experience

An activity or process that leads to acquiring new knowledge, skills, attitudes, or values.