Which of the Following Are Characteristics of an Oligopoly

question 121

Multiple Choice

Which of the following are characteristics of an oligopoly?
i.The HHI for an oligopoly is between 100 and 1800.
ii.There are a few firms that compete.
iii.The firms can increase their profit by forming a cartel.

• A) i and ii
• B) i and iii
• C) ii and iii
• D) i, ii, and iii
• E) i only.

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Definitions:

AICPA

American Institute of Certified Public Accountants, a national professional organization for certified public accountants in the United States.

Ethics

Principles that govern a person's behavior or the conducting of an activity, often acting as a guideline for moral conduct.