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.

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