Firms Operating in an Oligopoly

question 63

Multiple Choice

Firms operating in an oligopoly

• A) always compete on price.
• B) always compete on price, product quality and marketing.
• C) can make the same profit as a monopoly but there is no assurance that they will do so.
• D) usually achieve the competitive outcome.
• E) always make the same profit as a monopoly.

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Definitions:

Food Insecurity

The state of being without reliable access to a sufficient quantity of affordable, nutritious food.

Malnourishment

A condition resulting from not consuming enough nutrients, leading to health problems and impaired physical and mental development.

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Various types of support and facilities available within a community that provide assistance, information, and services to its members.

Urban Homeless Shelter

A facility located in a city that offers temporary accommodation and services to people without housing.