Which of the Following Is Reflective of Oligopolistic Competition

question 92

Multiple Choice

Which of the following is reflective of oligopolistic competition?

• A)A large number of companies sell silver in a market where the price of silver is determined by demand and supply.
• B)Ramsons is the sole supplier of military binoculars in the market.
• C)Hundreds of firms make wristwatches, and the market is highly differentiated.
• D)Pure Diamonds Inc.controls the diamond market as it is the only supplier of diamonds.
• E)A price war occurs between Comfort Airlines and Air Secure, the only two airlines in the market.

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Definitions:

Waking Life

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An approach in psychology that aims to identify and address the root causes of a problem or issue.

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