Every Oligopolist

question 15

Multiple Choice

Every oligopolist

• A)is part of a cartel.
• B)colludes openly.
• C)can ignore the actions of her competitors.
• D)takes into account the actions of her competitors.

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Definitions:

Uncertainty Avoidance

A cultural dimension that describes the extent to which people in a society are uncomfortable with ambiguity and uncertainty.

Entrepreneurship

The process of designing, launching, and running a new business or venture.

Primary Dimension

Fundamental or essential aspects or elements of a subject, object, or concept.

Ethnic Heritage

The background, traditions, values, and customs passed down through generations within a particular ethnic group.