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Which of the Following Activities Are Distinctive of Oligopolies

question 2

Multiple Choice

Which of the following activities are distinctive of oligopolies?
I.Collaboration in price setting.
II.Division of markets into spheres of influence.
III.Use of reciprocal buying agreements with purchasers.
IV.Avoidance of advertising.


Definitions:

Power

The capacity or ability to direct or influence the behavior of others or the course of events.

Exercised

Pertains to the act of utilizing or applying a right, option, or faculty, often in context but not limited to physical activities or financial options.

Power

The ability to influence or control the behavior of people or the course of events.

Individuals

Single human beings as distinct from a group, class, or family.

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