A Defining Characteristic of an Oligopolistic Market Is That There

question 91

Multiple Choice

A defining characteristic of an oligopolistic market is that there are

• A)many buyers.
• B)few buyers.
• C)few sellers.
• D)many sellers.

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Definitions:

Line

In a geometric sense, an infinitely long, straight figure with no thickness, extending in both directions and defined by a set of points that align.

Labor Force Participation

The ratio of the labor force to the total working-age population, indicating the percentage of the population that is either employed or actively seeking employment.

Slope

The measure of the steepness or incline of a line or surface, often expressed as a ratio of rise to run or as an angle in degrees.

Price

The cost in currency anticipated, called for, or dispensed in payment for a thing.