Which of the Following Is a Characteristic of the Oligopoly

question 40

Multiple Choice

Which of the following is a characteristic of the oligopoly model?

• A)The oligopoly market consists of only a small number of sellers.
• B)The sellers in an oligopoly market are price takers.
• C)The output decisions taken by sellers are uniform and steady.
• D)There are barriers to the exit of firms in an oligopoly market.

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Periodic assessments conducted every month to evaluate an individual's memory retention and recall abilities.

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