Oligopolies Are Industries Containing Only a Few Large Firms

question 81

Multiple Choice

Oligopolies are industries containing only a few large firms

• A)whose decisions are consciously linked.
• B)and each faces a horizontal demand curve.
• C)that can ignore other firms' reactions as they price,produce,and market their goods.
• D)but each firm is small relative to the market.
• E)that maximize output rather than profits.

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Definitions:

Square Root Property

A principle that states if \(x^2 = n\), then \(x\) is equal to the positive or negative square root of \(n\).

Real Solutions

The set of numbers that are solutions to an equation and are not imaginary, meaning they can be plotted on the real number line.

Perfect Square Trinomial

A quadratic expression of the form \(a^2 + 2ab + b^2\), which is the squared result of a binomial (a + b)^2.

Perfect Square Trinomial

A trinomial that is the square of a binomial, having the form a^2 + 2ab + b^2 or a^2 - 2ab + b^2.