The distinctive characteristic of an oligopolistic market structure is that there are recognizable interdependencies among the decisions of the firms.
A(n)____ is characterized by a relatively small number of firms producing a product.
E)none of the above
Factors that affect the ability of oligopolistic firms to successfully engage in cooperation include ____.
A)number and size distribution of sellers
B)size and frequency of orders
D)a and b only
Effective oligopolistic collusion is more likely to occur when customer orders are small,frequent,and received on a regular basis as compared with large orders that are received infrequently at irregular intervals.