Multiple Choice
Which of the following are characteristics of an oligopoly?
i.The HHI for an oligopoly is between 100 and 1800.
ii.There are a few firms that compete.
iii.The firms can increase their profit by forming a cartel.
A) i and ii
B) i and iii
C) ii and iii
D) i, ii, and iii
E) i only.
Correct Answer:
Verified
Correct Answer:
Verified
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