Which of the Following Is Not a Characteristic of Oligopoly

question 244

Multiple Choice

Which of the following is not a characteristic of oligopoly?

• A)the ability to influence price
• B)a small number of firms
• C)low barriers to entry
• D)interdependent firms

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Definitions:

Chronic Unemployment

A prolonged situation where an individual remains unemployed for an extended period, often leading to significant personal and economic consequences.

Deindustrialization

The decline of industrial activity in a region or economy, typically resulting in widespread factory closures, job losses, and economic shifts.

Farm Laborers

Individuals who work in the agricultural sector, performing tasks related to planting, tending, and harvesting crops.

Organic Farming

An agricultural method that relies on natural processes and materials for crop production and livestock breeding, avoiding synthetic pesticides, herbicides, and fertilizers.