Which of the Following Is a Characteristic of Oligopoly

question 34

Multiple Choice

Which of the following is a characteristic of oligopoly?

• A) mutual firm independence
• B) zero economic profits in the short run
• C) marginal cost pricing
• D) only a few firms in the industry

---

Definitions:

African Explorer

An African Explorer refers to an individual who explores the African continent, historically often with the intention of discovering new lands, resources, or geographical features.

Native Americans

The indigenous peoples of the United States, including both the mainland and Alaska Natives.

Pánfilo de Narvaez

A Spanish conqueror and explorer known for his expeditions in the early 16th century, including an ill-fated venture in Florida.

Linguistic Skills

The ability to use language effectively and competently, including speaking, listening, reading, and writing in one’s first language or additional languages.