Oligopolists Have More Control Over Prices Than Monopolistic Competitors Because

question 67

Multiple Choice

Oligopolists have more control over prices than monopolistic competitors because

• A)they can legally collude whereas monopolistic competitors may not.
• B)their prices are always set by the government.
• C)with fewer competitors,they are able to monitor and determine their own prices much easier.
• D)since an oligopolist is the only competitor in the market,setting prices is no problem.

---

Definitions:

Encoding

The process of transforming information into a form that can be stored in memory.

Encoding

The process of converting information into a form that can be stored in the memory.

Storage

In the context of memory, it refers to the process of maintaining information in the brain over time.

Priming

The process by which exposure to a stimulus influences a response to a subsequent stimulus, making certain responses more likely.