An oligopolistic industry is characterized by all of the following except
A) existence of entry barriers.
B) the possibility of reaping long-run economic profits.
C) firms pursuing aggressive business strategies, independent of rivals' strategies.
D) production of standardized or differentiated products.
Answer: C
Economics
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Indicate whether the statement is true or false
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Unlike banks, ________ have been allowed to branch statewide since 1980
A) federally-chartered S&Ls B) state-chartered S&Ls C) financially troubled S&Ls D) technically insolvent S&Ls
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