An Oligopoly Market Situation Has

question 8

Multiple Choice

An oligopoly market situation has:

• A) relatively few sellers--or a few large firms and many smaller firms which follow the lead of the larger ones.
• B) essentially homogeneous products.
• C) fairly inelastic industry demand.
• D) All of the above.
• E) None of the above.

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Definitions:

Share

A unit of ownership interest in a corporation or financial asset, entitling the shareholder to a portion of the earnings and assets.

Salary

A fixed amount of money or compensation paid to an employee by an employer, typically on a regular basis, for performing their job.