Which of the following statements about the characteristics of a monopoly and those of an oligopoly is least accurate()
A. In an oligopoly, there are often substantial economies of scale.
B. In both a monopoly and an oligopoly, there are high entry barriers into the market.
C. In an oligopoly, the decisions of each seller are independent of the policies followed by competitors.
参考答案:C
解析:
In an oligopolistic industry, the decisions of a firm often influence the demand, price and profit of rivals. Thus, the welfare of each seller is dependent on the policies follow by major rivals.