One of the Defining Characteristics of an Oligopoly Is That

question 23

Multiple Choice

One of the defining characteristics of an oligopoly is that:

• A)one firm's behavior can affect the others' profits.
• B)all firms act in unison to create a perfectly competitive outcome.
• C)all firms act in unison to create a monopoly outcome.
• D)None of these statements is true.

---

Definitions:

Sales Call

A communication, either via telephone or face-to-face, initiated by a salesperson towards a potential or existing customer with the objective of making a sale.

Logical Sequence

An arrangement of ideas or actions in a coherent order that follows clear and rational progression.

Sales Presentation

A structured dialogue or demonstration aimed at persuading a potential customer to purchase a product or service.

Buying Signal

Anything that prospects say or do indicating they are ready to buy.