问题 单项选择题

An oligopolistic firm:()

A. will consider the potential response of its rivals when making business decisions.

B. is likely to be formed when the minimum-cost output is only a small portion of the market output.

C. is likely to be formed when barriers to entry are low.

答案

参考答案:A

解析:

Oligopolists are highly dependent upon the actions of their rivals when making business decisions. Price determination in the auto industry is a good example. Automakers tend to play "follow the leader" and announce price increases in close synchronization. They are not working explicitly together, but the actions of one producer have a large impact on the others when products are differentiated, quality may be a competitive strategy.

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