Which of the Following Is Not a Characteristic of an Oligopolistic

question 86

Multiple Choice

Which of the following is not a characteristic of an oligopolistic industry?

• A)Substantial barriers to entry.
• B)The output produced by the firms in the industry may be homogeneous or differentiated.
• C)A small number of large firms.
• D)One dominant firm and low entry barriers.

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Definitions:

Manufacturer's Sales Office

The office or department within a manufacturing company that is responsible for managing sales activities and relationships with buyers or distributors.

Manufacturer's Branch Office

A localized office or division of a manufacturing company that conducts operations closer to specific markets or suppliers.

Brokering Agent

An intermediary or facilitator between a buyer and a seller, helping to negotiate transactions or agreements.

Cash and Carry Wholesaler

A type of wholesaler that operates by selling goods for cash and where the buyer carries away the goods immediately.