The Analysis of Oligopolistic Behavior Is Difficult Because

question 169

Multiple Choice

The analysis of oligopolistic behavior is difficult because

• A)there are few real-world examples of oligopolies for economists to study.
• B)oligopolists make decisions independently of each other.
• C)firms in oligopolistic industries react to each other's behavior in many ways.
• D)economists have paid little attention to the topic in recent years and so have not yet applied to it the techniques of modern economic theory.

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