In an Oligopoly,there Are

question 156

Multiple Choice

In an oligopoly,there are

• A) many firms and barriers to entry.
• B) many firms and no barriers to entry.
• C) few firms and barriers to entry.
• D) few firms and no barriers to entry.
• E) barriers to entry and only one firm.

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Definitions:

Internal

Pertaining to or occurring within an individual's mind or self, often used in the context of internal vs. external motivation or processes.

Stable

Characterized by consistency, resilience, or lack of significant change over time.

Depressed

Depressed refers to a state of low mood and aversion to activity that can affect a person's thoughts, behavior, feelings, and sense of well-being, commonly associated with depression.

Stable Attribution

The assumption that the factors that resulted in a particular outcome will not change.