Identify a true statement about oligopoly.
A) It is a market structure that has many competitors selling virtually identical products.
B) Firms in an oligopoly market structure typically avoid price competition.
C) Agriculture exemplifies an oligopoly market structure.
D) It has a single producer completely dominating the industry, leaving no room for competitors.
Question 2
Maria's Flower Emporium specializes in growing delicate plants for wealthy consumers around the world. Because of the fragile nature of the products, they need to spend as little time as possible in transit. Maria should use trucks to transport her products.
Indicate whether the statement is true or false
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