There Are Many Different Models of Oligopoly Because

question 61

Multiple Choice

There are many different models of oligopoly because:

• A)beliefs are not incorporated in oligopolistic competition.
• B)firms do not maximize profits in oligopolistic competition.
• C)oligopoly is the most complicated type of market structure.
• D)both beliefs are not incorporated in oligopolistic competition and oligopoly is the most complicated type of market structure.

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Definitions:

Reliability

The degree to which an assessment tool produces stable and consistent results over time.

Validity

The extent to which a test, tool, or study accurately measures or reflects what it claims to measure.

Subscale

In psychological testing, a set of items grouped together that measure a specific dimension or construct.

Reliability

Refers to the consistency and dependability of measurement results over time.