Which of the Following Is Characteristic of Oligopoly, but NOT

question 214

Multiple Choice

Which of the following is characteristic of oligopoly, but NOT of monopolistic competition?

• A) The choices made by one firm have a significant effect on other firms.
• B) Each firm faces a downward-sloping demand curve.
• C) Firms are profit-maximizers.
• D) There is more than one firm in the industry.

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Definitions:

Minimum Data Set (MDS)

A standardized, primary screening and assessment tool of health status that forms the foundation of the comprehensive assessment for all residents in long-term care facilities.

Federal Law

Legislation passed by the national government of a country, which applies to all its regions and citizens.

Long-Term Care Facility

A facility that provides a variety of services, including medical and personal care, to people who are unable to live independently.

Occurrence Reports

Documentation used in healthcare settings to report incidents, errors, or unusual events for quality improvement.