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:

Distribution

In statistics, a mathematical representation of the observed or possible frequencies of occurrences of a range of outcomes.

Normally Distributed

A statistical term describing data that fall into a symmetrical, bell-shaped curve where most observations cluster around the mean.

Standard Deviation

An analytical tool that assesses the level of diversity or deviation of data points from their central value.

Standard Deviations

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in a dataset deviate from the mean.