Answered: Which of the following is a feature of…

Which of the following is a feature of an oligopoly? a. group behavior among firms b. firms that are all similar in size c. low barriers to entry d. highly flexible pricing

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter15: Oligopoly And Strategic Behavior

Section: Chapter Questions

Problem 1P

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Which of the following is a feature of an oligopoly?

a. group behavior among firms

b. firms that are all similar in size

c. low barriers to entry

d. highly flexible pricing

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