Which of the Following Is a Characteristic of Oligopoly but NOT

question 148

Multiple Choice

Which of the following is a characteristic of oligopoly but NOT perfect competition?

• A)Advertising and sales promotion
• B)Profit maximization according to the MR = MC rule
• C)Firms are price takers rather than price makers
• D)Horizontal demand and marginal revenue curves

---

Definitions:

Functional Structure

A structure that organizes a company into units identified by their functional roles, or what they do.

Meganational Companies

Companies that operate on a global scale, extending their products, operations, and marketing strategies across multiple countries.

Network Structure

A structure that organizes a company by groups that form to work on a project, and then dissolve once the project is complete.

Matrix Structure

A structure that organizes a company along multiple dimensions that may include geography, function, and division.