If a Firm Is an Oligopolist, Which Is NOT True

question 189

Multiple Choice

If a firm is an oligopolist, which is NOT true?

• A) It must pay attention to other firms' prices.
• B) It is one of a relatively small number of firms dominating its industry.
• C) It can sell all the units it wants at the going market price.
• D) It is engaged in a strategic game.

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Definitions:

Overgrazing

Overgrazing occurs when plants are exposed to intensive grazing for extended periods, leading to land degradation, reduced ground cover, and a decrease in soil fertility.

Urban Sprawl

The uncontrolled expansion of urban areas into the surrounding countryside, often characterized by low-density residential development, increased reliance on vehicles, and the loss of open space and agricultural land.

Toxic Wastes

Hazardous materials that can cause harm to human health and the environment, often produced by industrial activities.

Radioactive Wastes

Hazardous wastes containing radioactive materials, primarily from nuclear reactors, medical treatment, and research facilities.