Which Statement About Oligopoly Is False

question 24

Multiple Choice

Which statement about oligopoly is false?

• A) Oligopolistic firms recognize their interdependence.
• B) Prices in oligopoly are predicted to fluctuate widely and frequently.
• C) A few firms play an important role in the sale of a product.
• D) One firm's behavior is a function of what its rivals do.

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Definitions:

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