An oligopoly is characterized by all of the following EXCEPT:
A: large economies of scale.
B: significant barriers to entry.
C: a large number of sellers.
A: large economies of scale.
B: significant barriers to entry.
C: a large number of sellers.
举一反三
- A monopolistically competitive industry has A: significant barriers to entry B: differentiated products. C: mutually dependent firms. D: a small number of large firms.
- Which of the following correctly describes an oligopoly? A: A single firm has all of the market power. B: Several firms have market power and there is free entry and exit. C: Several firms have market power and there are barriers to entry. D: Several firms take the price as given and there is free entry and exit.
- The long-run characteristics of perfect competition are as follows（ ）. A: Large number of buyers and sellers B: Homogeneous product C: Perfect information D: Free entry and exit
- The American Dream was made possible by all of the following except ____________ . A: a large land mass B: friendly neighbors C: abundant natural resources D: a large population
- Large sums of money are needed for the development of all the following EXCEPT ______ A: housing B: airports C: water supplies D: roads