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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. |
I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
explain supply and demand relationships under oligopoly, including the optimal price and output for firms as well as pricing strategy
CFA® 2025 Level I Curriculum, Volume 1, Module 1.