Which of the following is not a feature of Sweezy oligopoly?
A)There are two firms in the market serving many consumers.
B)The firms produce homogenous products.
C)Each firm believes that rivals will cut their prices in response to a price reduction, but will not raise their prices in response to a price increase.
D)Barriers to entry exist.

Question

Quizplus · Accepted Answer

The Answer of Which of the following is not a feature of Sweezy oligopoly?
A)There are two firms in the market serving many consumers.
B)The firms produce homogenous products.
C)Each firm believes that rivals will cut their prices in response to a price reduction, but will not raise their prices in response to a price increase.
D)Barriers to entry exist.

Which of the Following Is Not a Feature of Sweezy