Oligopolies are especially susceptible to:
A) Unique products
B) Rigid price control
C) Price wars
D) Large competition
E) Elastic demand

Question

Quizplus · Accepted Answer

Oligopolies typically consist of only a few large firms, making price competition a likely outcome due to the potential for one firm to gain a significant advantage over others. As a result, price wars are a common occurrence in oligopolistic markets. Unique products, rigid price control, large competition, and elastic demand may also be factors in an oligopoly, but they do not necessarily make the market more susceptible to any particular outcome.

Oligopolies Are Especially Susceptible To