Which of the following is a characteristic of the oligopoly, Ask an Expert

Economics

Which of the following is a characteristic of the oligopoly model?

a. There are barriers to the exit of firms in an oligopoly market.

b. The output decisions taken by sellers are uniform and steady.

c. The oligopoly market consists of only a small number of sellers.

d. The sellers in an oligopoly market are price takers.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91678322

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