If a Firm Functions in an Oligopoly, It Is

question 61

Multiple Choice

If a firm functions in an oligopoly, it is:

• A)one of a small number of firms that produce goods that are either close or perfect substitutes.
• B)the only firm that produces a good with no close substitutes.
• C)one of a large number of firms that produce goods that are either close or perfect substitutes.
• D)one of a large number of firms that produce a good with no close substitute.

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Definitions:

Credit Agency

An organization that evaluates and rates the creditworthiness of individuals or corporations.

Incremental Cash Inflow

Additional cash received as a result of undertaking an investment or project.

Net 30 Credit Policy

A payment term that indicates that the payment for goods or services is due 30 days from the invoice date.

Monthly Interest Rate

The interest rate applied to a loan or debt for a one-month period.