Because the Cost of Starting a Business in an Oligopoly

question 45

Multiple Choice

Because the cost of starting a business in an oligopoly is usually _____,the number of firms entering it is _____.

• A)low / high
• B)high / low
• C)low / low
• D)high/high

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Definitions:

Genetics

The study of heredity and the variation of inherited characteristics, often exploring how genes influence traits and behaviors.

Agreeableness

A characteristic of personality defined by being friendly, compassionate, understanding, and ready to work together with others.

Identical Twin

Another term for monozygotic twins, emphasizing their genetic sameness.

Extraversion

A personality trait characterized by high levels of sociability, energy, and activity levels; enjoys being around people and seeks stimulation in external activities.