Recessions Occur at Irregular Intervals and Are Almost Impossible to Predict

question 44

True/False

Recessions occur at irregular intervals and are almost impossible to predict with much accuracy.

---

Definitions:

Duopoly Outcome

The result or consequence of a market structure where two companies dominate the supply of a product or service.

Price-fixing Agreement

An illegal arrangement in which businesses agree on prices of their goods or services, undermining competition.

Market Structures

The organizational and other characteristics of a market that influence the nature of competition and pricing.

Oligopolistic Industry

A market structure characterized by a small number of firms that dominate the market, leading to competitive yet interdependent pricing and marketing strategies.