In an Oligopoly,when One Firm Reduces Its Prices,how Do Other

question 28

Multiple Choice

In an oligopoly,when one firm reduces its prices,how do other sellers react?

• A) There is no reaction from other firms to change their prices.
• B) Other firms reduce their prices also, usually quite quickly.
• C) Other firms may reduce their prices, but usually gradually.
• D) Other firms are not usually aware that price has changed.
• E) There is a combined response from other firms to stabilize prices.

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Definitions:

Dividends In Arrears

Dividends on preferred stock that have been declared but not yet paid to shareholders.

Cumulative Preferred Stock

A type of preferred stock that accrues dividends if they are not paid in the year they are due, with these dividends being required to be paid out before any dividends can be paid to common stockholders.

Stockholders' Equity

The ownership interest of shareholders in a corporation, represented by share capital plus retained earnings minus treasury shares.

Par Value

A nominal value assigned to share of stock by the corporation's charter, used primarily for legal purposes.