Which of the following is not a characteristic of oligopoly? Group of answer choices a The...

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Which of the following is not a characteristic of oligopoly? Group of answer choices a The...

Which of the following is not a characteristic of oligopoly?

Group of answer choices

a The actions of one seller will affect the actions of the others

b There are a small number of sellers with large shares of the market

c Each seller produces a different good

d There are high barriers to entry

business economics

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Answer 1

Answer #1

Answer is C.

Firms in Oligopoly produces same products not different products. They can be used in place of one other.

So all other are characterics of Oligopoly.

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Answer 2

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