All of the Following Are Possible Characteristics of Oligopoly Except

question 191

Multiple Choice

All of the following are possible characteristics of oligopoly except

• A)free entry into the industry.
• B)significant economies of scale.
• C)interdependence among sellers.
• D)homogeneous product.

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Definitions:

Negative Growth

A decrease in the size or number of something, often used in the context of economies or populations shrinking.

Age Structure

The distribution of individuals among different ages in a population, usually depicted in a demographic pyramid.

AIDS

Acquired Immune Deficiency Syndrome (AIDS) is a life-threatening condition caused by the human immunodeficiency virus (HIV) that damages the immune system, hindering the body's ability to fight infections.

Zero Growth

A condition in which a population or economy is stable and does not increase or decrease significantly over time.