Because There Are Only a Few Firms in Markets with Oligopolistic

question 13

Multiple Choice

Because there are only a few firms in markets with oligopolistic competition,

• A)everyone is a price taker.
• B)producers do not have to consider the reactions of rival firms.
• C)government often encourages consolidation to reduce the number of competitors.
• D)price wars may occur.
• E)the many competitors will focus on product differentiation.

---

Definitions:

Histoplasmosis

A respiratory infection caused by inhaling the spores of the fungus Histoplasma capsulatum, often found in bird and bat droppings.

Prairie Dogs

are small, burrowing rodents found in North American grasslands, playing key ecological roles.

Poison

is a substance that, when introduced to or absorbed by a living organism, can cause harm or death, depending on its chemical properties and the organism's vulnerability.

Shotguns

Firearms designed to shoot a wide spread of projectiles, often used for hunting and sport shooting.