What Is the Definition of Oligolopoly

question 52

Multiple Choice

What is the definition of oligolopoly?

• A)a structure that has many buyers and sellers,but the products are differentiated on some basis
• B)a structure where customers are willing to pay a little more for the unique feature that appeals to them
• C)a structure that combines perfect competition and monopoly,but is closer to a competitive situation
• D)a structure characterized by very few sellers and high barriers to entry

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Definitions:

Dependent Variable

The component in an experiment or research that is foreseen to shift following changes in the independent variable.

Independent Variable

A variable often denoted as x, whose variation does not depend on that of another.

Correlation Coefficient

A statistical measure that calculates the strength and direction of the linear relationship between two variables.

Correlation Coefficient

An index assessing the power of association between a pair of variables.