Question
Which of the following is not a characteristic of oligopoly? A. There are few sellers and many buyers in the industry. B. To reduce uncertainty
Which of the following is not a characteristic of oligopoly?
A. There are few sellers and many buyers in the industry.
B. To reduce uncertainty in the market, oligopolistic firms may collude.
C. A firm in an oligopolistic market makes pricing decisions independently of the pricing Decisions of another firm in the market.
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Microeconomics Theory And Applications With Calculus
Authors: Jeffrey M. Perloff
4th Edition
134167384, 134167381, 978-0134167381
