Which of the Following Factors Tends to Foster the Development

question 194

Multiple Choice

Which of the following factors tends to foster the development of an oligopoly?

• A) economies of scale
• B) foreign competition
• C) antitrust legislation
• D) low barriers to entry

---

Definitions:

Late Majority

A classification in the technology adoption lifecycle representing consumers who adopt new technology or innovations after the average member of the population.

Adopters

Individuals or entities that begin using a new product or technology, often categorized by their willingness to embrace new innovations.

Cultural Values

The core principles and ideals upon which an entire community exists and operates, which influence behavior, preferences, and norms within that society.

Progress

Forward movement towards a desired goal or improvement, often measured by milestones or achievements.