The key feature of an oligopolistic market is that Select one: a. a single firm chooses a point on the market demand curve. b. e

Question

3 years ago

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The key feature of an oligopolistic market is that Select one: a. a single firm chooses a point on the market demand curve. b. e

ach firm produces a different product from other firms. c. a small number of firms are acting strategically. d. each firm takes the market price as given.

Business

1 answer:

Lesechka [4] · Answer 1 · 2022-07-16T07:26:25+03:00

Lesechka [4]3 years ago

6 0

Answer:

c. a small number of firms are acting strategically.

Explanation:

The Firms in oligopoly can influence market outcome and thus they act strategically to achieve the expected outcome.