Which of the following is not a reason for there being no single standard model of oligopoly?
A)There is great diversity of situations in oligopoly markets.
B)The products of oligopolistic firms cannot be standardized.
C)Mutual interdependence complicates the analysis of firm behavior and results.
D)Firms cannot predict what their rivals' actions and reactions might be.

Question

Quizplus · Accepted Answer

The products of oligopolistic firms can be standardized or differentiated, so this is not a reason for the lack of a single standard model of oligopoly. The other options correctly describe complexities in oligopoly markets.

Which of the Following Is Not a Reason for There