The Simplest Type of Oligopoly Is

question 366

Multiple Choice

The simplest type of oligopoly is

• A)monopoly.
• B)duopoly.
• C)monopolistic competition.
• D)oligopolistic competition.

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Definitions:

Proposed

Suggested or put forward for consideration, often as a plan or idea.

Mnemonic

A tool or strategy used to improve memory, often by associating complex information with simple, memorable cues.

Sound Intensity

A measure of the power per unit area of sound waves, typically described in terms of decibels.

Decibels

A unit of measurement used to express the intensity of sound, with each ten-decibel increase representing a tenfold increase in sound intensity.