"An oligopoly is an oligopoly.Firms behave the same no matter what type of oligopoly it is." This statement is:
A)true.
B)false.
C)true of homogeneous product industries.
D)none of the statements associated with this question are correct.

Question

Quizplus · Accepted Answer

This statement is false. Different types of oligopolies can exhibit different behaviors depending on a variety of factors such as market structure, level of competition, degree of product differentiation, and entry barriers. For example, a tight oligopoly with only a few competitors may behave differently than a loose oligopoly with many competitors. Therefore, it is incorrect to assume that all oligopolies behave the same regardless of their type.

"An Oligopoly Is an Oligopoly