Which is not a characteristic of oligopoly?
A)Each firm faces a downward-sloping demand curve.
B)Firms are profit-maximizers.
C)The sales of one firm will not have a significant effect on other firms.
D)There is more than one firm in the industry.
E)Firms set prices.

Question

Quizplus · Accepted Answer

In oligopoly, the sales of one firm can have a significant effect on other firms as they compete against each other for market share.

Which Is Not a Characteristic of Oligopoly