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:

Invert Times

A term not recognized as a standard key term in familiar contexts, therefore considered NO.

Heparin

A substance formed in the liver that inhibits the coagulation of blood.

No Additive

Describes products, especially foods, that do not contain additional ingredients such as preservatives, colors, or artificial flavors.

No Anticoagulant

A condition or directive indicating that no substances that prevent blood clotting (anticoagulants) are to be used.