Even Though in Oligopoly the Actions of One Firm Have

question 290

True/False

Even though in oligopoly the actions of one firm have a perceptible effect on the other firms, oligopoly firms act independently.

---

Definitions:

Inbound Telemarketing

A marketing technique where potential customers call the company to inquire about products or services, often in response to advertising.

Toll-free Telephone Numbers

Special phone numbers that do not charge the caller, often used by businesses to encourage customer contact.

Purchases

The action of buying goods or services, often considered in terms of frequency, volume, and the decision-making process involved.

Missionary Salesperson

A salesperson who promotes a product indirectly, often focusing on educating potential customers rather than directly closing sales.