Which of the Following Is a Characteristic of Oligopoly

question 72

Multiple Choice

Which of the following is a characteristic of oligopoly?

• A)Substantial uncertainties of pricing decisions
• B)Zero economic profit in the long run
• C)Free entry and exit into the market
• D)Diseconomies of scale in production
• E)A large number of firms

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Definitions:

Divisionalized Structures

An organizational form where operations are segmented into semi-autonomous units or divisions, each with its own strategies and objectives.

Manufacturing Operations

The processes involved in the production of goods, encompassing everything from product design to fabrication, assembly, and quality control.

North America

A continent located in the Northern Hemisphere and almost entirely within the Western Hemisphere.

Team-Based Organizations

Organizational structures that prioritize and rely on teams rather than traditional hierarchical models to accomplish tasks and goals.