Which of the Following Is NOT a Cause for an Oligopoly

question 3

Multiple Choice

Which of the following is NOT a cause for an oligopoly to exist?

• A) economies of scale
• B) structural dependence
• C) barriers to entry
• D) horizontal mergers

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Definitions:

Hydraulic Drum Brake

A type of brake that uses hydraulic pressure to press brake shoes against a drum attached to the wheel, generating friction to stop the vehicle.

Mechanical Brake Linkages

Components that mechanically connect the brake pedal to the brake mechanism, enabling the transfer of force from the pedal to the brakes.

1930s

A decade characterized by the Great Depression, major economic downturns, and significant advancements in technology and culture.

Non-servo

Relates to a system or mechanism that does not use servos or automatic feedback for control, often relying on manual operation.