Which of the Following Is Not a Characteristic of Oligopoly

question 244

Multiple Choice

Which of the following is not a characteristic of oligopoly?

• A)the ability to influence price
• B)a small number of firms
• C)low barriers to entry
• D)interdependent firms

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Definitions:

Warranty Liability

An obligation that arises from a warranty, where the issuer must repair or replace defective products or parts according to the terms of the warranty.

Notice Of Dishonor

A formal notification that a negotiable instrument, like a check or promissory note, has been presented for payment and refused.

Warranty Liability

The legal obligation of a seller to provide compensation for defects or failures in goods or services that are covered under a warranty.

Indorsement

A signature or annotation on a financial document, such as a check, that specifies the terms of transferring the document’s rights to another party.