In Contrast to Both Perfect Competition and Monopolistic Competition,an Oligopoly

question 91

Multiple Choice

In contrast to both perfect competition and monopolistic competition,an oligopoly market structure is characterized by:

• A)price discrimination.
• B)a perfectly inelastic demand curve.
• C)the presence of infinite number of firms.
• D)only differentiated products.
• E)difficulty in the entry of new firms.

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Definitions:

Parentheses

Symbols used in programming and mathematics to group expressions and alter the order of evaluation.

Return Statement

A statement in programming that exits a function and optionally returns a value to the calling function.

Declared Data Type

The specification of the kind of data (such as int, float, char) that a variable or object can hold in programming.

Cast Operator

The Cast Operator is used in programming to manually change an expression to a specific type.