which of the following is a unique characteristic of an oligopolistic market str
ID: 1143149 • Letter: W
Question
which of the following is a unique characteristic of an oligopolistic market structur O b. Customers can easily resell a good to other customers if there exists price discriminati O c. Customers need to have a unit elastic demand curve for price discrimination to occur. Dd. Customers need to differ in their willingness to pay for price discrimination to occur. O e. Price discriminators lack the incentive to reduce their average total cost of production QUESTION 13 Which of the following is a unique characteristic of an oligopolistic market structure? O a. Zero long-run economic proft b. Mutual interdependence among firms O c. Low barriers to entry O d. The presence of diseconomies of scale e. A large number of firms QUESTION 14 If a price-taking firm selling in a competitive market raises the price of its product above th a. be able to increase its sales. b. not be able to sell any of its output.Explanation / Answer
13, B
Explanation: Firms in an oligopoly depend on each other while making strategies because the strategy of one firm affects the other.
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