One Characteristic of Oligopolistic Markets Is

question 97

Multiple Choice

One characteristic of oligopolistic markets is

• A)ease of entry and exit.
• B)zero profits in the long run.
• C)mutual interdependence between firms.
• D)a horizontal demand curve facing each individual firm.
• E)a large number of firms in the industry.

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Definitions:

Inequality

The unequal distribution of resources, opportunities, rights, and powers among individuals or groups in a society.

Wealth Tax

A tax based on the market value of assets owned, designed to target wealth disparity by taxing the richest fraction of the population.

Richest People

Individuals with the highest net worth or wealth within a society or globally, often featured in rankings by financial publications.

Basic Sanitation

Refers to services and facilities for the safe management of human excreta, including its disposal and treatment.