16- Which one from below is true: <?xml:namespace prefix = o ns = \"urn:schemas-

Question

16- Which one from below is true: <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /?>

A.

Firms operating in an oligopoly market are harder to manage since they need to take into account for the strategic interaction between them when they decide on how much to produce.

B.

Oligopoly is a market structure in which there are only few firms, each of them is large comparing with the entire market and there are significant barriers to entry the market.

C.

Both A and B.

D.

None of the above.

A.

Firms operating in an oligopoly market are harder to manage since they need to take into account for the strategic interaction between them when they decide on how much to produce.

B.

Oligopoly is a market structure in which there are only few firms, each of them is large comparing with the entire market and there are significant barriers to entry the market.

C.

Both A and B.

D.

None of the above.

Explanation / Answer

C) both A and B

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