Which of the Following Is a Distinguishing Characteristic of Oligopoly

question 34

Multiple Choice

Which of the following is a distinguishing characteristic of oligopoly?

• A) A large 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 or legal barriers prevent the entry of new firms.

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Definitions:

Forces

Refers to influences or powers that cause an object to undergo a certain change, in direction, movement, or growth.

Gesture-Call System

A mode of communication among animals and early humans that combines gestures and vocalizations to convey messages or signals.

Examples

Specific instances or items used to illustrate or explain a general concept, rule, or situation.

Vocal Cords

Tissue bands in the larynx that vibrate to produce sound when air is expelled from the lungs, crucial for speech and singing.