Which of the following is NOT a common characteristic of oligopoly?
A) strategic dependence among firms in the industry
B) product differentiation
C) barriers to entry
D) marginal cost pricing.

Question

Quizplus · Accepted Answer

Marginal cost pricing is not a common characteristic of oligopoly. Oligopolies typically have strategic dependence among firms, product differentiation, and barriers to entry. Marginal cost pricing occurs in perfect competition, where firms set prices equal to marginal cost in order to maximize profit.

Which of the Following Is NOT a Common Characteristic of Oligopoly