Oligopolies Can End Up Looking Like Competitive Firms If the Number

question 135

Multiple Choice

Oligopolies can end up looking like competitive firms if the number of firms is:

• A)large and they all cooperate
• B)small and they all cooperate
• C)large and they do not cooperate
• D)small and they do not cooperate

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Definitions:

SOM

Abbreviation typically for "Share Of Market," referring to the percentage of a market controlled by a particular company, product, or brand.

Sanity Checks

Quick, basic tests or analyses run to ensure that assumptions or results are rational and feasible.

Market Size

The total volume or value of sales within a defined market over a specific period of time.

Social Media Tools

Online platforms and technologies that facilitate the creation, sharing, or exchange of information, ideas, and other forms of expression among people.