[Solved] Which of the Following Is a Characteristic of Oligopoly

Question 60
Multiple Choice

Which of the following is a characteristic of oligopoly?

A)Prices are usually above marginal costs.
B)The industry usually has a low concentration ratio.
C)The pricing policies of one firm have no impact on pricing policies of other firms.
D)Firms compete solely on the basis of price.
E)There are large numbers of significantly sized sellers.

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