Answer to Question #217255 in Microeconomics for Senzi

Question

1. Which of the following is not a characteristic of oligopoly?

1. A.There are few sellers and many buyers in the industry.
2. B.To reduce uncertainty in the market, firms may collude.
3. C.Imperfect information
4. D.A firm in an oligopolistic market makes pricing decisions independently of the pricing

Answer 1

D. A firm in an oligopolistic market makes pricing decisions independently of the pricing