Which of the Following Is True About Oligopoly

question 19

Multiple Choice

Which of the following is true about oligopoly?

• A) There are several direct competitors.
• B) It ensures that there is no competition for resources.
• C) There are only a few competitors.
• D) It is seen most often in the fast foods industry.
• E) There are many substitute products.

---

Definitions:

Internal

Pertaining to or situated within the interior of something, often referring to processes or affairs happening within an organization or entity.

Profit Motive

The intent to achieve financial gain, which drives individuals and companies to engage in business activities.

Government Subsidies

Financial support provided by the government to firms, individuals, or other governmental bodies, often aimed at promoting economic and social policies.