Author Question: Which of the following activities are distinctive of oligopolies? I. Collaboration in price setting. ... (Read 106 times)

clmills979 · **on:** Jul 2, 2018

Which of the following activities are distinctive of oligopolies? I. Collaboration in price setting. II. Division of markets into spheres of influence. III. Use of reciprocal buying agreements with purchasers. IV. Avoidance of advertising.

a. I, II, III
b. I, II, IV
c. I, III
d. II, III
e. II, III, IV

Question 2

A characteristic of the typical large corporation is that

a. its workers are more satisfied than those at smaller firms.
b. ownership is separated from management.
c. its workers are paid less than those at smaller firms.
d. specialization remains low.
e. its workers have more opportunity to develop their skills.