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:

Complex Fraction

A fraction where the numerator, the denominator, or both contain a fraction.

Simplify

The process of making an equation, expression, or problem easier to handle by reducing its complexity while maintaining its equivalence.

Complex Fraction

A fraction where the numerator, denominator, or both contain a fraction.

Simplify

Simplifying involves reducing an expression or equation to its most basic form, making it easier to work with.