Oligopolies Exist and Do Not Attract New Rivals Because

question 92

Multiple Choice

Oligopolies exist and do not attract new rivals because

• A)of competition.
• B)of barriers to entry.
• C)the firms keep profits and prices so low that no rivals are attracted.
• D)there can be no product differentiation.

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Definitions:

Deuterostome

Group of coelomate animals in which the second embryonic opening is associated with the mouth; the first embryonic opening, the blastopore, is associated with the anus.

Notochord

A flexible rod made out of a material similar to cartilage that provides support in all embryonic and some adult chordate animals.

Coelom

A fluid-filled body cavity lined with mesoderm that separates the digestive tract from the outer body wall in certain multicellular organisms.

Gastrodermis

The inner lining of the digestive cavity in cnidarians and some other invertebrate animals.