Which Cannot Be a Characteristic of an Oligopolistic Industry

question 36

Multiple Choice

Which cannot be a characteristic of an oligopolistic industry?

• A) Differentiated products
• B) A large number of consumers
• C) Significant barriers to entry
• D) A perfectly elastic firm demand curve

Analyze how external conditions, such as natural disasters or viruses, impact economic production.

Understand the relationship between economic growth and outward shifts in the production possibility frontier.

Learn about comparative advantage and its significance in international trade.

Understand how trade enables consumption beyond a country's production possibility frontier.