Answer to Question #248360 in Microeconomics for Lwandie

Question

Which of the following statements is incorrect?

A. There are many examples of oligopolistic industries in South Africa.

B. Oligopolistic operate completely independent each other.

C. One of the key features of oligopoly is uncertainty.

D. In an oligopolistic industry each firm must act strategically.

E. One of the possible strategies that oligopolistic have, is to collude.

Answer 1

$B.$ Oligopolistic operate completely independent each other.