Which of the Following Is a Characteristic of Oligopoly

question 25

Multiple Choice

Which of the following is a characteristic of oligopoly?

• A) Mutual firm independence
• B) Zero economic profits in the short run
• C) Marginal cost pricing
• D) Only a few firms in the industry

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Definitions:

Pregnancy Test

A medical test used to determine if a woman is pregnant, typically by detecting the presence of hCG hormone in urine or blood.

Blastocyst

Early stage of human embryonic development that consists of a hollow, fluid-filled ball of cells.

Human Embryo

The early stage of development in humans from the moment of conception until the end of the eighth week, when it is then referred to as a fetus.

Inner Cell Mass

A group of cells inside the primordial embryo that will develop into the fetus and some of the extraembryonic membranes.