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.

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Definitions:

Xerox

Often used as a synonym for photocopying, Xerox is a company known for its printing and photocopying technology.

Portable Fax Machine

A compact, mobile device that can send and receive documents over a telephone line, useful for business communication on the go.

Selective Demand

Demand for a specific brand or product over its competitors, driven by marketing efforts and consumer preferences.

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The stages a product goes through from introduction to the market, growth, maturity, and eventual decline.