Multiple Choice
-The fact that firms in oligopoly are interdependent means that
A) there are too many of them for any one firm to influence price.
B) one firm's profits are affected by other firms' actions.
C) there are barriers to entry.
D) they can produce either identical or differentiated goods.
E) they definitely compete with each other so that the price is driven down to the monopoly level.
Correct Answer:
Verified
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