Which of the Following Is a Unique Characteristic of an Oligopolistic

question 38

Multiple Choice

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

• A)Low barriers to entry
• B)A large number of firms
• C)The presence of diseconomies of scale
• D)Mutual interdependence among firms
• E)Zero long-run economic profit

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Definitions:

Candidates

Individuals who are considered for or are in the process of being selected for a position, role, award, or any form of recognition.

Voters

Individuals who have the right and responsibility to cast ballots in elections to choose representatives or decide on policy issues.

Consumptions

The action or process of using goods and services to satisfy human needs or desires.

Apples

A type of fruit known for its sweet taste and crisp texture, widely consumed fresh, juiced, or used in various culinary dishes.