One Key Characteristic That Is Distinctive of an Oligopoly Market

question 77

Multiple Choice

One key characteristic that is distinctive of an oligopoly market is that:

• A) the demand curve facing each firm is downward sloping, with a marginal revenue curve that lies below the firm's demand curve.
• B) the decisions of one seller often influences the price of products, the output, and the profits of rival firms.
• C) there is only one firm that produces a product for which there are no good substitutes.
• D) there are many sellers in the market and each is small relative to the total market.

---

Definitions:

Brain Chemistry

Brain chemistry refers to the complex mixture of chemicals, including neurotransmitters and hormones, that govern mood, behavior, and cognitive function in the brain.

Threatened

A state or condition in which there is a perception of imminent harm or danger.

Substance Abuse

The harmful use of substances, including drugs and alcohol, leading to addiction or other significant impairment or distress.

Child Sexual Abuse

Involves engaging a child in sexual activities that the child cannot comprehend, for which the child is not developmentally prepared and cannot give consent, or that violate the laws or social taboos of society.