The Fact That Firms in Oligopoly Are Interdependent Means That

question 76

Multiple Choice

The fact that firms in oligopoly are interdependent means that

• A) there are barriers to entry.
• B) one firm's profits are affected by other firms' actions.
• C) they can produce either identical or differentiated goods.
• D) there are too many of them for any one firm to influence price.
• E) they definitely compete with each other so that the price is driven down to the monopoly level.

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