The Higher the Degree of Oligopolization

question 179

Multiple Choice

The higher the degree of oligopolization

• A)the greater the likelihood of collusion.
• B)the smaller the likelihood of collusion.
• C)the greater the likelihood of product differentiation.
• D)the greater the likelihood of cut-throat competition.

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Definitions:

Equipment

Items of property intended for long-term use in the operation of a business, such as machinery and furniture.

Liability Account

An account representing an obligation or amount owed by a business to others, such as loans, accounts payable, or mortgages.

Revenue Account

An account that tracks the income a company generates from its operations or activities.