A Unique Feature of an Oligopolistic Industry Is

question 71

Multiple Choice

A unique feature of an oligopolistic industry is

• A) low barriers to entry.
• B) standardized products.
• C) diminishing marginal returns.
• D) mutual interdependence.

---

Definitions:

Privilege

An unearned advantage or entitlement that benefits certain groups over others based on various societal factors like race, gender, or economic status.

Historical Materialism

A theory developed by Karl Marx that centers on the idea that material conditions and economic factors drive the development of societies and historical change.

Global Capitalist Society

A social system characterized by the global dominance of capitalist economic practices, including free markets, private ownership, and the pursuit of profit.

Material Feminism

Material Feminism combines feminist analysis with Marxist theory, emphasizing the role of material conditions in shaping women's lives and gender inequality.