Which of the Following Is Not a Feature of Sweezy

question 12

Multiple Choice

Which of the following is not a feature of Sweezy oligopoly?

• A)There are two firms in the market serving many consumers.
• B)The firms produce homogenous products.
• C)Each firm believes that rivals will cut their prices in response to a price reduction, but will not raise their prices in response to a price increase.
• D)Barriers to entry exist.

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Definitions:

Endospores

Durable, non-reproductive structures formed within some bacteria, enabling them to survive extreme conditions.

Unfavorable Conditions

Environmental situations or contexts that pose challenges or threats to the survival and thriving of organisms.

Antibiotics

Antibiotics are drugs that combat bacterial infections by killing or inhibiting the growth of bacteria, crucial in modern medicine for treating various infections.

Bacterial Infections

Diseases caused by harmful bacteria entering and multiplying within the human body or on the surface of the skin.