Which of the Following Is a Characteristic of Oligopoly

question 119

Multiple Choice

Which of the following is a characteristic of oligopoly?

• A)Firms compete solely on the basis of price.
• B)The pricing policies of one firm have no impact on pricing policies of other firms.
• C)There are large numbers of significantly sized sellers.
• D)The industry usually has a low concentration ratio.
• E)Prices are usually above marginal costs.

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Definitions:

Straight Line Pay

A method of compensation where an employee receives a fixed rate of pay, irrespective of the number of hours worked or the quantity of output.

High Powered Sales Goals

Aggressive sales objectives set to motivate and push sales teams to achieve high targets.

Accelerate Costs

Expenses that increase at a rate faster than usual, often due to speeding up a process or project.

Delay Sales

Delay sales is a strategic decision to postpone product sales, possibly to wait for more favorable market conditions or to align with strategic launches or promotions.