Firms in an oligopoly A) act independently. B) engage in strategic behavior. C) have perfect ...

Author Question: Firms in an oligopoly A) act independently. B) engage in strategic behavior. C) have perfect ... (Read 114 times)

mrsjacobs44

Hero Member
Posts: 500

on: Jun 30, 2018

Firms in an oligopoly
A) act independently.
B) engage in strategic behavior.
C) have perfect knowledge of the behavior of others.
D) openly collude.

Question 2

One of the characteristics of an oligopoly is
A) many sellers.
B) easy entry.
C) interdependence in decision making.
D) the use of patents to protect market share.

SAUXC

Sr. Member
Posts: 318

Reply #1 on: Jun 30, 2018

Answer to Question 1

B

Answer to Question 2

C

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mrsjacobs44

Hero Member
Posts: 500

Reply #2 on: Jun 30, 2018

Thank you

SAUXC

Sr. Member
Posts: 318

Reply #3 on: Jun 30, 2018

No problemo

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