The Figure Given Below Shows the Revenue and Cost Curves

Multiple Choice

The figure given below shows the revenue and cost curves of a firm. MC represents the marginal cost curve, AC the average cost curve, MR the marginal revenue curve, and AR the average revenue curve.Figure 9.4

-Which of the following characteristics distinguishes oligopoly from other market structures?

A) Firms operating in an oligopoly are independent of each other.
B) Firms operating in an oligopoly are interdependent.
C) Oligopoly is the simplest of all the other market structures.
D) An oligopolist does not face a downward-sloping demand curve.
E) Entry into an oligopolistic market is easier than entry into a monopolistically competitive market.