Which of the following is NOT a necessary condition for oligopoly?
A) barriers to entry
B) strategic dependence of firms
C) differentiated products
D) either a small number of firms or market dominance by a small number of firms
C
Economics
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An exchange rate can be described as:
a. the price of a foreign currency as determined by the World Bank. b. the price of one country's currency in terms of another country's currency. c. the dollar value of imports and exports undertaken in the world economy during a year. d. the price of foreign currency as established by the relative amount of tourism. e. the dollar value of U.S. international trade.
Economics
The financial burden entailed in the paying of a tax is known as the
a. incidence of the tax. b. impact of the tax. c. effect of the tax. d. shift of the tax.
Economics