One Way in Which Monopolistic Competition Differs from Oligopoly Is

question 119

Multiple Choice

One way in which monopolistic competition differs from oligopoly is that

• A)there are no barriers to entry in oligopolies.
• B)in oligopoly markets there are only a few sellers.
• C)all firms in an oligopoly eventually earn zero economic profits.
• D)strategic interactions between firms are rarely evident in oligopolies.

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Definitions:

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Formal

Pertaining to or following established conventions or rules, often used in the context of assessments or procedures.

Competency To Stand Trial

A legal determination that a defendant has the mental capacity to understand the charges against them and can participate in their own defense.

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