Which of the Following Will Reduce the Likelihood of Effective

question 116

Multiple Choice

Which of the following will reduce the likelihood of effective collusion among oligopolistic producers?

• A) low entry barriers into the market
• B) a production of a homogenous product
• C) a stable market demand for the product
• D) a highly inelastic market demand for the product

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Definitions:

Quarts

A unit of liquid volume measurement in the United States, equivalent to a quarter of a gallon or approximately 0.946 liters.

Delicatessen

A retail establishment that sells a selection of fine, unusual, or foreign prepared foods, including meats, cheeses, and specialty dishes.

Miles

A unit of distance measuring 5,280 feet, or approximately 1.609 kilometers.

Gallon

A unit of volume for liquid measure equal to four quarts, used in both the US customary system and the British imperial system, but with different values.