All of the following statements are true about an oligopolic competitive market situation EXCEPT:
A)the products can be differentiated or undifferentiated.
B)advertising that uses comparative (head-to-head)messages is the norm.
C)the purpose of advertising is to inform.
D)sellers try to avoid price competition,which can lead to price wars.
E)firms in these markets stay aware of a competitor's price cuts or increases and may follow suit.

Question

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The Answer of All of the following statements are true about an oligopolic competitive market situation EXCEPT:
A)the products can be differentiated or undifferentiated.
B)advertising that uses comparative (head-to-head)messages is the norm.
C)the purpose of advertising is to inform.
D)sellers try to avoid price competition,which can lead to price wars.
E)firms in these markets stay aware of a competitor's price cuts or increases and may follow suit.

All of the Following Statements Are True About an Oligopolic