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.

---

Definitions:

Without Recourse

A term indicating that the holder of a financial instrument cannot demand payment from the issuer in the case of default.

Banking Day

A business day during which financial institutions are open for business with the public.

Sight Draft

A draft that is payable as soon as it is presented to the drawee for payment.

Indorsement

The act of signing one's name on the back of a check, bill of exchange, or similar document, transferring the rights to another party.