Author Question: Which of the following is a characteristic of an oligopolistic market structure? A) There are few ... (Read 114 times)

cookcarl · **on:** Jun 29, 2018

Which of the following is a characteristic of an oligopolistic market structure?

A) There are few dominant sellers. B) Each firm sells a unique product.
C) Each firm need not react to the actions of rivals. D) It is easy for new firms to enter the industry.

Question 2

For a monopolistically competitive firm, marginal revenue

A) and price are unrelated. B) is less than the price.
C) is greater than the price. D) equals the price.

moormoney · **Reply #1 on:** Jun 29, 2018

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