An Oligopolistic Market

question 221

Multiple Choice

An oligopolistic market

• A) has a small number of rival firms, and each is large relative to the size of the market.
• B) is characterized by firms that merely take the price that is determined by the forces of supply and demand in the market.
• C) has low entry barriers facing firms that may be interested in entering the market.
• D) has a large number of firms that are small relative to the size of the market.

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