Which of the Following Is an Obstacle That Would Reduce

question 14

Multiple Choice

Which of the following is an obstacle that would reduce the likelihood of effective collusion among oligopolists?

• A) a highly inelastic market demand for the product
• B) a small number of firms in the market
• C) production of a homogeneous product
• D) highly unstable demand for the product

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Definitions:

Tablet PC

A portable personal computer equipped with a touchscreen as the primary input device, designed for mobile use and small enough to be held in one hand.

Cellphone

A portable device that allows users to make and receive calls, send text messages, and access various multimedia and internet functions.