An Oligopolist Must Be Very Sensitive to Its Rivals Because

question 147

Multiple Choice

An oligopolist must be very sensitive to its rivals because

• A)there are so many that their actions are unpredictable.
• B)the government doesn't regulate oligopolists when it comes to colluding on prices and quantities.
• C)there are so few that their behavior may well have consequences for the firm.
• D)oligopolists try not to use non-price competition since it seems to be unfair to the consumer.
• E)they have little else to do.

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