Which of the following is not a reason for there being no single standard model of oligopoly?
A) There is great diversity of situations in oligopoly markets.
B) The products of oligopolistic firms cannot be standardized.
C) Mutual interdependence complicates the analysis of firm behavior and results.
D) Firms cannot predict what their rivals' actions and reactions might be.

Question

Quizplus · Accepted Answer

The standard model of oligopoly does not depend on whether or not the products of oligopolistic firms can be standardized. Rather, the main reasons for there being no single standard model are the diversity of situations in oligopoly markets, mutual interdependence, and the unpredictable nature of rival actions and reactions.

Which of the Following Is Not a Reason for There