Which of the Following Is a Distinguishing Characteristic of Oligopoly

question 46

Multiple Choice

Which of the following is a distinguishing characteristic of oligopoly?

• A) A small number of firms compete.
• B) No one firm's actions directly affect the actions of the other firms.
• C) Firms are free to enter and exit the industry.
• D) Natural barriers cannot prevent the entry of new firms.

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Definitions:

Hidden Expectations

Implicit expectations within a project or work environment that are not clearly documented or acknowledged.

Additional Questions

Further inquiries or clarifications that arise, often requiring investigation or discussion beyond initial topics.

Hidden Expectations

Unspoken or assumed standards or requirements that stakeholders may have but are not formally communicated.

Additional Questions

Further inquiries or clarifications requested on top of initial queries.