Which of the Following Will Reduce the Likelihood of Effective

question 39

Multiple Choice

Which of the following will reduce the likelihood of effective collusion among oligopolistic producers?

• A) inability to keep new firms from entering the market
• B) a small number of firms in the market
• C) a stable market demand for the product
• D) a highly inelastic market demand for the product

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Definitions:

Consumerism

A social movement that advocates for the rights and powers of consumers in relation to sellers and marketers.

Intangible Attributes

Refers to the non-physical features or benefits associated with a product or service, such as brand reputation, service quality, and customer experience.

Tangible Attributes

Physical characteristics or features of a product that can be seen, touched, and measured.

Consumer Needs

The essential requirements and desires that individuals seek to fulfill with products and services.