Which of the Following Statements About Oligopolies Is Not Correct

question 433

Multiple Choice

Which of the following statements about oligopolies is not correct?

• A)An oligopolistic market has only a few sellers.
• B)The actions of any one seller can have a large impact on the profits of all other sellers.
• C)Oligopolistic firms are interdependent in a way that competitive firms are not.
• D)Unlike monopolies and monopolistically competitive markets, oligopolies prices do not exceed their marginal revenues.

---

Definitions:

Public Good

A good that is non-excludable and non-rivalrous, meaning it is accessible to all and one individual's use does not diminish its availability to others.

Preferences

Individual choices or prioritizations that indicate the degree of personal satisfaction or value someone derives from various options.

Free-Rider Problem

A situation in which individuals consume a resource or service without contributing to its cost, commonly occurring in the provision of public goods.

Noise Pollution

Unwanted or harmful outdoor sound created by human activities, such as transportation, industrial processes, and construction.