Two Characteristics of Oligopoly Pricing That Have Frequently Been Observed

question 216

Multiple Choice

Two characteristics of oligopoly pricing that have frequently been observed are that

• A) oligopolistic prices tend to be "sticky" or inflexible, and when the firms do change their prices, they tend to do so together.
• B) oligopolistic firms' prices tend to fluctuate a lot, and these prices tend to move together with each other.
• C) oligopolists tend to practice a lot of price discrimination, and there tends to be a wide variance in oligopoly pricing.
• D) oligopolistic firms' prices tend to fluctuate a lot, and there tends to be a wide variance in oligopoly pricing.

Comprehend the role of psychological studies in societal changes.

Understand the contributions of significant figures in psychology.

Distinguish between various psychological perspectives and theories.

Learn the significance of operational definitions and experimental controls in research.

---

Definitions:

Economic Indicators

Statistical metrics used to gauge the overall health of the economy.

Monetary Tool

Instruments used by central banks to control the supply of money in the economy, impacting interest rates and overall economic activity.

Open-Market Operations

These are actions, like buying or selling government bonds, undertaken by central banks to control the money supply and interest rates.

Price-Earnings Ratios

A valuation ratio of a company's current share price compared to its per-share earnings, used to evaluate if a stock is over or undervalued.