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Basic Question 1 of 17
Which of the following is not a characteristic of an oligopoly?
B. Economies of scale
C. Differentiated products
A. Many small firms
B. Economies of scale
C. Differentiated products
User Contributed Comments 2
| User | Comment |
|---|---|
| mordja | Is there a requirement for differentiated products? |
| Xocrevilo | Differentiated products CAN be a feature of an oligopoly, but is not a necessary feature. Only A is not a necessary feature. |
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Learning Outcome Statements
explain supply and demand relationships under oligopoly, including the optimal price and output for firms as well as pricing strategy
CFA® 2024 Level I Curriculum, Volume 1, Module 1.