A Critical Competitive Feature of an Oligopoly Is

question 133

Multiple Choice

A critical competitive feature of an oligopoly is:

• A) the lack of interaction among the major players.
• B) the presence of a domestic market which is open for foreign firms.
• C) the desire of all the major players to avoid the phenomenon of diminishing returns.
• D) the interdependence of the major players.
• E) the lack of imitative behavior among the major players.

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Definitions:

Increase Or Decrease

A phrase referring to the action of becoming larger or smaller in size, amount, intensity, or degree.

Natural Selection

The process by which organisms that are better adapted to their environment tend to survive and produce more offspring.

Directly

in a straightforward or immediate manner.

Populations

Groups of individuals belonging to the same species that live in the same geographical area and have the capability of interbreeding.