One of the Defining Characteristics of an Oligopoly Is That

question 106

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 independently to create a perfectly competitive outcome.
• C) all firms act independently to create a monopoly outcome.
• D) None of these statements is true.

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Definitions:

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