Which of the Following Is Not a Characteristic of an Oligopoly

question 94

Multiple Choice

Which of the following is not a characteristic of an oligopoly?

• A) There are few sellers.
• B) The seller has considerable control over price.
• C) Any duplication of facilities is wasteful.
• D) Sizable investments are required to enter the market.
• E) The market actions of each seller can strongly affect other sellers.

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Definitions:

Narcissistic Personality Disorder

A mental condition characterized by a long-term pattern of exaggerated self-importance, the need for excessive attention and admiration, and a lack of empathy for others.

Inflated Self-Worth

An exaggerated opinion of one's own value, importance, or abilities, often without sufficient evidence.

Collectivistic Culture

Cultures characterized by a strong emphasis on familial and communal ties where the welfare of the group is seen as more important than individual achievements.

Belongingness and Love

A psychological need where individuals seek acceptance, affection, and intimacy within interpersonal relationships, forming part of Maslow's hierarchy of needs.