Product prices change less frequently under conditions of:
A) monopoly.
B) oligopoly.
C) perfect competition.
D) many differentiated sellers..

Name: Product prices change less frequently under conditions of: A) monopoly. B) oligopoly. C) perfect competition. D) many differentiated sellers..
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In an oligopoly, a few firms dominate the market, leading to less frequent price changes as firms are interdependent and often avoid price wars to maintain stable profits.

Product Prices Change Less Frequently Under Conditions Of