All of the Following Statements Are True About an Oligopolic

question 94

Multiple Choice

All of the following statements are true about an oligopolic competitive market situation EXCEPT:

• A)the products can be differentiated or undifferentiated.
• B)advertising that uses comparative (head-to-head)messages is the norm.
• C)the purpose of advertising is to inform.
• D)sellers try to avoid price competition,which can lead to price wars.
• E)firms in these markets stay aware of a competitor's price cuts or increases and may follow suit.

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Definitions:

Workplace

A location or environment where people are employed and perform tasks related to their occupations.

Ready To Be Motivated

A state of willingness and openness to be inspired or energized towards taking action or pursuing goals.

Taylor

Refers to Frederick W. Taylor, known for his work in developing the principles of scientific management to improve industrial efficiency.

Human Psychology

The scientific study of the mind and behavior, covering various aspects of conscious and unconscious experience as well as thought processes.