With an Oligopoly If a Group of Firms Is Not

question 42

True/False

With an oligopoly if a group of firms is not able to coordinate or collude, prices will not be higher than in a competitive market.

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Definitions:

Methyl Groups

Chemical groups consisting of one carbon atom bonded to three hydrogen atoms, often involved in modifying DNA or proteins in cells.

Histone

Proteins that package and order the DNA into structural units called nucleosomes, playing a key role in gene regulation.