In Oligopoly Situations, Each Oligopolist May Choose a Status Quo

question 229

Multiple Choice

In oligopoly situations, each oligopolist may choose a status quo pricing objective and set its price at the competitive level. Some critics call this pricing behavior

• A) market share growth objective.
• B) conscious parallel action.
• C) dumping.
• D) introductory price dealing.
• E) predatory pricing.

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Definitions:

Gamal Abdul Nasser

An Egyptian political leader and second President of Egypt who led the 1952 overthrow of the monarchy and introduced far-reaching land reforms.

Eisenhower Administration

The executive branch of the U.S. government under President Dwight D. Eisenhower, from 1953 to 1961, known for its focus on infrastructure development and Cold War diplomacy.

Third World

Third World is a term originally used to describe nations not aligned with the capitalist NATO bloc or the communist Warsaw Pact during the Cold War, now often referring to developing countries.

CIA

The CIA, or Central Intelligence Agency, is a civilian foreign intelligence service of the federal government of the United States, tasked with gathering, processing, and analyzing national security information.