A Common Characteristic of Oligopolies Is

question 186

Multiple Choice

A common characteristic of oligopolies is:

• A) interdependence in pricing decisions.
• B) independent pricing decisions.
• C) low industry concentration.
• D) few or no plant-level economies of scale.

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Definitions:

World's First Satellite

Sputnik 1, launched by the Soviet Union in 1957, marking the beginning of space exploration by placing the first artificial object into orbit around Earth.

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A federal health insurance program in the United States for people aged 65 and over, as well as for some younger people with disabilities.

Established

Set up on a firm or permanent basis, often referring to institutions, organizations, or principles.

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A term describing the provision of welfare services and benefits through private employers in the United States, such as health insurance and pensions, rather than direct government support.