Which of the Following Is a Characteristic of an Oligopolistic

question 85

Multiple Choice

Which of the following is a characteristic of an oligopolistic market structure?

• A)There are few dominant sellers.
• B)Each firm sells a unique product.
• C)It is easy for new firms to enter the industry.
• D)Each firm need not react to the actions of rivals.

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Definitions:

Influenced Factor

An element that affects or alters the outcome of a process or situation.

Sexual Arousal

A physiological and psychological state of being awake or reactive to sexual stimuli.

Laughter

A vocal expression of emotion, typically associated with happiness, amusement, or relief, often serving as a social bonding mechanism.

Experimental Study

A research method involving the manipulation of variables to establish cause and effect relationships.