Homework answers / question archive / Which of the following conditions is characteristic of oligopoly? A

Which of the following conditions is characteristic of oligopoly? A

Marketing

Share With

Which of the following conditions is characteristic of oligopoly?

A. A rival firm matches price decreases of rivals, but fails to match any price increases of rivals.

B. A rival firm matches price increases of rivals, but fails to match any price decrease of rivals.

C. A rival firm fails to match both price increases or price decreases of rivals.

D. Rival firms act independently of each other.

E. There is such a large number of firms that firms cannot exercise any price strategy.