Which of the Following Is a Characteristic of an Oligopolistic

question 85

Multiple Choice

Which of the following is a characteristic of an oligopolistic market structure?

• A)There are few dominant sellers.
• B)Each firm sells a unique product.
• C)It is easy for new firms to enter the industry.
• D)Each firm need not react to the actions of rivals.

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Definitions:

Ethical Theory

A branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct.

Bonuses

Bonuses are additional financial incentives given to employees or individuals beyond their regular salary or earnings, typically as a reward for performance or achieving specific targets.

Thriving

A state of flourishing or prospering, often characterized by vigorous growth, success, or well-being.

Ethical Behavior

Actions conducted according to morally good principles, standards, and codes of conduct.