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.
E)b and c

Question

Quizplus · Accepted Answer

Oligopoly assumes there are few sellers, not few buyers. The focus is on the limited number of firms controlling the market.

Which of the Following Is Not an Assumption of Oligopoly