Which of the Following Is Not Part of an Oligopolist's

question 155

Multiple Choice

Which of the following is not part of an oligopolist's business strategy?

• A)deciding on how to manage relations with suppliers
• B)choosing what new technologies to adopt
• C)selecting which new markets to enter
• D)independently setting a product's price without consideration of its rivals' pricing policies

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Definitions:

Ethical Egoism

The belief that actions are morally right if they benefit the individual making the decision.

Utilitarianism

A moral theory that suggests that the best action is the one that maximizes utility, usually defined as that which produces the greatest well-being of the greatest number of people.

Altruism

The selfless concern for the well-being of others, often manifesting in actions that prioritize others' interests above one's own.

Authority

The authority or capability to issue commands, make choices, and ensure compliance.