All of the Following Are Reasons for an Oligopoly to Occur

question 10

Multiple Choice

All of the following are reasons for an oligopoly to occur EXCEPT

• A) economies to scale.
• B) barriers to entry.
• C) independence among firms.
• D) merger.

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Definitions:

Information Flow

The movement of information within an organization, from the collection, processing, and dissemination of data, to effectively support decision-making and organizational activities.

Legitimate Power

The authority that a leader or an organization holds, which is recognized and accepted by others as rightful and appropriate.

Formal Authority

A type of power derived from the position or rank one holds within an organization, entitling them to enforce rules and make decisions.

Reward Power

The ability of an individual to influence others' behavior by controlling access to desired resources or outcomes.