Unlike oligopoly, other market structures are such that
A) profits are usually low or nonexistent
B) firms in those structures need not observe each other to make price and production decisions
C) collusion within the structures is easy to accomplish because firms try to avoid competition
D) prices tend toward a stable equilibrium
E) there are more firms in every other structure

Question

Quizplus · Accepted Answer

The Answer of Unlike oligopoly, other market structures are such that
A) profits are usually low or nonexistent
B) firms in those structures need not observe each other to make price and production decisions
C) collusion within the structures is easy to accomplish because firms try to avoid competition
D) prices tend toward a stable equilibrium
E) there are more firms in every other structure

Unlike Oligopoly, Other Market Structures Are Such That