Which of the Following Is a Distinguishing Characteristic of Oligopoly

question 46

Multiple Choice

Which of the following is a distinguishing characteristic of oligopoly?

• A) A small number of firms compete.
• B) No one firm's actions directly affect the actions of the other firms.
• C) Firms are free to enter and exit the industry.
• D) Natural barriers cannot prevent the entry of new firms.

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Definitions:

Holding Contacts

Contacts within a relay or starter that maintain the circuit's state even after the actuating force is removed.

Memory

A component or system in computing for storing data and instructions temporarily or permanently, necessary for executing programs.

Master Control

Master control is the main interface or mechanism through which a complex system, such as a machine or network of devices, is operated and managed.