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Subject - Economics:

Microeconomics

MCQ - 99-4109

Question:

An industry described as an oligopoly would most likely have

  1. normal profits in the long run.
  2. no opportunities for collusive behavior.
  3. significant barriers to entry.
  4. no opportunities for collusive behavior.
  5. one firm with no close rivals.

Correct Answer: C

Explanation:

This is a main identifier of oligopoly.

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269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: An industry described as an oligopoly would most likely have , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 99-4109.

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Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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