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:

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