One of the Strongest Reasons That Oligopolies Exist Is Due

question 229

Multiple Choice

One of the strongest reasons that oligopolies exist is due to

• A) the homogeneity of their products.
• B) marginal cost pricing.
• C) lowest cost production.
• D) economies of scale.

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Definitions:

Intimacy

The closeness and understanding between individuals or between a business and its customers, fostered through trust and personalized interactions.

Friendship

A mutual relationship of affection, trust, and support between two people that is not based on kinship.

Sensory Marketing

Marketing that engages consumers’ senses and affects their behaviors.

Perception

The process by which individuals interpret and organize sensation to produce a meaningful experience of the world.