Which constitutes an obstacle to collusion among oligopolists?
A. A standardized product.
B. Trademarks and copyrights.
C. A large number of firms.
D. Prosperous economic conditions.
Answer: C
You might also like to view...
Which of the following statements is true?
A) Income inequality within most countries has increased during the past 20 years. B) Income inequality across the entire world has decreased during the past 20 years. C) Income inequality within most countries and across the entire world has not changed much during the past 20 years. D) Both A and B are correct. E) None of the above is correct.
As the expected profit from holding dollars ________, the quantity of ________
A) increases; dollars demanded increases B) increases; dollars demanded decreases C) decrease; foreign currency demanded decreases D) None of the above answers is correct.