A Distinguishing Feature of an Oligopolistic Industry Is the Tension

question 92

Multiple Choice

A distinguishing feature of an oligopolistic industry is the tension between

• A)profit maximization and cost minimization.
• B)cooperation and self interest.
• C)producing a small amount of output and charging a price above marginal cost.
• D)short-run decisions and long-run decisions.

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Definitions:

Matrix Organizational Structure

A complex organizational design that combines elements of both functional and project- or product-based structures.

Substantive Conflicts

Refers to disagreements over goals, resources, rewards, policies, procedures, and job assignments, which are fundamental to the tasks or the objectives of an organization.

Emotional Conflict

Conflict that results from feelings of anger, distrust, dislike, fear, and resentment, as well as from personality clashes.

Allocation of Resources

The process of distributing available resources, such as time, money, and manpower, among various projects or departments.