Which of the following is not a common characteristic of oligopolistic firms?
a. high barriers to entry
b. mutual interdependence
c. a large number of sellers
d. nonprice competition
c
Economics
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The value of all the equipment and structures of an economy is referred to as:
A) wealth. B) national income. C) asset value. D) capital stock.
Economics
Suppose that when the price of hamburgers decreases, the Landry family decreases their purchases of chicken nuggets. To the Landry family
A) hamburgers and chicken nuggets are normal goods. B) hamburgers and chicken nuggets are inferior goods. C) hamburgers and chicken nuggets are substitutes. D) hamburgers and chicken nuggets are complements.
Economics