Which of the Following Is NOT a Necessary Condition for Oligopoly

question 167

Multiple Choice

Which of the following is NOT a necessary condition for oligopoly?

• A) barriers to entry
• B) strategic dependence of firms
• C) differentiated products
• D) either a small number of firms or market dominance by a small number of firms

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Definitions:

Operant Conditioning

A learning process in which the strength of a behavior is modified by reinforcement or punishment, integral to behaviorist psychology.

Mirror Neuron Activity

The firing of neurons in the brain that occurs both when an individual performs an action and when they observe the same action performed by another, thought to be related to understanding intentions, empathy, and learning through imitation.

Imitative Yawning

The reflexive act of yawning in response to seeing, hearing, or thinking about someone else yawning.

Autism

A developmental disorder characterized by difficulties in social interaction and communication, and by restricted or repetitive patterns of thought and behavior.