Which of the following is a characteristic of oligopoly?
A) easy entry and exit
B) many firms
C) strategic dependence
D) none of the above
C
Economics
You might also like to view...
In the short run, perfectly competitive firms
a. always earn an economic profit b. never earn an economic profit c. always invest more in order to earn more d. never suffer an economic loss e. can earn an economic profit
Economics
The zero-profit point shows the price below which a perfectly competitive firm lacks sufficient revenue to cover its variable costs
a. True b. False Indicate whether the statement is true or false
Economics