Which of the following differentiates monopoly from oligopoly?
A) In an oligopoly, customers have few viable substitutes available; while in a monopoly, customers have many viable substitutes available.
B) In a monopoly, companies have no influence on price; while in an oligopoly, companies have some control over price.
C) In a monopoly, competition is based on promotion or on product differentiation; while in an oligopoly, competition can be on price or on differentiation of products.
D) In an oligopoly, each firm sells a small percentage of the total sold in the market; while in a monopoly, each firm sells a huge percentage of the total sold in the market.
E) In a monopoly, fewer companies dominate the market; while in an oligopoly many similar firms compete in the market.
C
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To deliver superior value to targeted market segments and customer firms is a goal of _________________________
a. importance ratings b. customer value management c. value assessment methods d. competitor intelligence systems
The combination of free trade and free movement of production factors offers maximum production efficiency
Indicate whether the statement is true or false