Oligopolistic competition is a type of market competition.
A: TRUE
B: FALSE
A: TRUE
B: FALSE
举一反三
- Oligopolistic Competition
- There is so much competition in the market place today, particularly price competition.
- Competition in the market segment with businesses that offer the same type of product or services is referred to as A: segment competition B: free-market competition C: direct competition D: indirect competition
- When analyzing competition, one should put more emphasis on direct competition than on indirect competition.
- Select the statement that distinguishes monopolistic competition from perfect competition. A: No barriers to entry/exist in monopolistic competition. B: A firm in monopolistic competition can set its own price and output. C: A firm in monopolistic competition makes zero economic profit in the long run. D: Close substitutes are available in monopolistic competition.