All of the Following Are Possible Characteristics of Oligopoly Except

question 191

Multiple Choice

All of the following are possible characteristics of oligopoly except

• A)free entry into the industry.
• B)significant economies of scale.
• C)interdependence among sellers.
• D)homogeneous product.

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Definitions:

Noxious Odors

Unpleasant and potentially harmful smells that can cause discomfort or health issues.

Common Law

A legal system based on custom and court rulings rather than written laws passed by a legislature.

National Pollutant Discharge

The release of pollutants from point sources into navigable waters, regulated by national environmental authorities.

Industrial Wastewater

Water that has been contaminated through its use in industrial processes, which requires treatment before being released back into the environment.