Ask Question
BusinessBusiness
3 October, 20:54

An oligopolistic market structure is distinguished by several characteristics, one of which is a difficult entry. Which of the following are other characteristics of this market structure? Check all that apply. a. Market control by many small firms. b. Market control by a few large firms. c. Either homogeneous or differentiated products. d. Neither mutual interdependence nor mutual dependence. e. Mutual interdependence.

+1
Answers (1)
  1. 3 October, 23:10
    0
    The correct answers are letters "B" and "C": Market control by a few large firms; Either homogeneous or differentiated products.

    Explanation:

    An Oligopoly is when a small group of two or more companies dominates a market. Oligopoly firms may consent to market collusion, and create barriers to new trade entry. If the companies do not, they are likely to be forced to lower their prices and open the market to newer smaller companies.

    The ability to set prices, having homogeneous or distinctive products and price rigidity are some other characteristics of oligopolies.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “An oligopolistic market structure is distinguished by several characteristics, one of which is a difficult entry. Which of the following ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Several Webster Groves police officers called in sick-one after the other. As the dispatcher tookthe calls, she thought there could be more to this story than she was hearing.
Answers (1)
Entries for Factory Costs and Jobs Completed Collegiate Publishing Inc. began printing operations on March 1. Jobs 301 and 302 were completed during the month, and all costs applicable to them were recorded on the related cost sheets.
Answers (1)
When computing multi-factor productivity it's important to use the same unit of measure when combining the costs of the inputs. A) TrueB) False
Answers (1)
What is the practice of negotiating labor contracts that keep unnecessary workers on a company's payroll called?
Answers (1)
Next, can you identify what the source is trying to accomplish by providing this information? As you read the article, think about what the writer's agenda might be with regard to human meat consumption.
Answers (1)
New Questions in Business
The following costs are included in a recent summary of data for a company: advertising expense, $99,500; depreciation expense - factory building, $147,500; direct labor, $264,500; direct material used, $314,500; factory utilities, $119,500;
Answers (1)
Income taxes incurred but not yet paid at the end of the accounting period is an example of an accrued expense. a. True b. False
Answers (1)
Which of the following statements about gross domestic product and gross national product is true? a. Gross domestic product includes income payments to foreigners for their work domestically; gross national product does not. b.
Answers (1)
When economists say an activity is consistent with economic efficiency, they mean?
Answers (1)
Rachel agrees to lend Phoebe $100 for six months and charges her interest of 2 percent. At the end of the six-month period, prices have risen by 4 percent. a. Purchasing power has been redistributed to Rachel. b.
Answers (1)
Home » Business » An oligopolistic market structure is distinguished by several characteristics, one of which is a difficult entry. Which of the following are other characteristics of this market structure? Check all that apply. a. Market control by many small firms.
Sign Up Forgot Password?