One of the Defining Characteristics of an Oligopoly Is That

question 139

Multiple Choice

One of the defining characteristics of an oligopoly is that:

• A) the strategic interactions between a firm and its rivals have a major impact on its profits.
• B) no single firm has an impact on the market as a whole.
• C) there are only a few buyers in the market.
• D) there are no barriers to entry to the market.

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Definitions:

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