Which of the Following Is Not a Feature of Sweezy

question 41

Multiple Choice

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

• A)There are a few firms in the market serving many consumers.
• B)The firms produce differentiated 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)Free entry and exit occurs in the market.

---

Definitions:

Play Stage

A stage in child development, as proposed by George Herbert Mead, where children mimic or take on the roles of others, developing an understanding of self through interaction.

Role Stage

Often used in sociology and psychology to describe the context or setting where individuals perform roles expected of them by society.

Sociobiology

The study of the biological basis of social behavior, seeking to understand how evolution influences social organization and behavior in humans and other animals.

Evolutionary Psychology

The theoretical approach in psychology that examines mental traits, such as memory, perception, and language, from the perspective of evolutionary theory and adaptation.