Solved

All of the Following Are Characteristics of an Oligopolistic Market

Question 59

Multiple Choice

All of the following are characteristics of an oligopolistic market EXCEPT


A) firms must consider the actions of their rivals.
B) cartels eventually form to keep prices high.
C) firms have the ability to influence prices.
D) firms earn lower profits than a monopoly.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q47: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6808/.jpg" alt=" -The above figure

Q54: If the present value of all future

Q56: If a firm can borrow money at

Q57: An oligopoly<br>A)requires government licensing.<br>B)has relatively few firms,

Q58: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8230/.jpg" alt=" -The above figure

Q60: In deciding whether to operate in the

Q61: Vertical restraints in a contract<br>A)are generally illegal

Q62: A firm bought a pizza oven for

Q63: Corporate Social Responsibility<br>A)is illegal in most countries.<br>B)minimizes

Q64: According to economists, competitive firms<br>A)compete for the