Which of the Following Is True of Oligopolists

question 50

Multiple Choice

Which of the following is true of oligopolists?

• A)Oligopolists earn comparatively higher profits than perfectly competitive firms because of economies of scale.
• B)Oligopolists earn comparatively lower profits than perfectly competitive firms because of economies of scale.
• C)Oligopolists produce homogeneous products.
• D)Oligopolists face horizontal demand curves.
• E)Oligopolists charge comparatively lower prices for their products than firms in a perfectly competitive market.

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Definitions:

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An item that fits around a technician’s wrist and connects to an electronic component so that the technician and the component are at the same voltage potential, thus preventing an electrostatic discharge event.

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