Which of the following is not an assumption of oligopoly?
A)There are few sellers.
B)There are few buyers.
C)Firms produce and sell either homogeneous or differentiated products.
D)There are significant barriers to entry.

Question

Quizplus · Accepted Answer

The assumption of oligopoly is that there are few sellers, firms produce and sell either homogeneous or differentiated products, and there are significant barriers to entry. The number of buyers is not a relevant assumption in oligopoly.

Which of the Following Is Not an Assumption of Oligopoly