{"id":36893,"date":"2024-06-07T09:58:40","date_gmt":"2024-06-07T09:58:40","guid":{"rendered":"https:\/\/www.greatassignmenthelp.com\/questions\/?p=36893"},"modified":"2024-06-07T09:58:40","modified_gmt":"2024-06-07T09:58:40","slug":"which-of-the-following-is-not-a-characteristic-of-oligopoly-firms","status":"publish","type":"post","link":"https:\/\/www.greatassignmenthelp.com\/questions\/which-of-the-following-is-not-a-characteristic-of-oligopoly-firms\/","title":{"rendered":"Which of the following is not a characteristic of oligopoly firms?"},"content":{"rendered":"

Which of the following is not a characteristic of oligopoly firms?<\/p>\n

a. non-price competition, such as advertising and promotions<\/p>\n

b. perfectly elastic demand curves for individual firms<\/p>\n

c. strategic dependence<\/p>\n

d. product differentiation<\/p>\n

Answer: b. perfectly elastic demand curves for individual firms<\/span><\/span><\/strong><\/p>\n

An oligopolistic market structure is characterized by a few large companies and many small companies competing in the market. These firms usually practice non-price competition (a), whereby other strategies apart from changing prices are adopted with publicity, offers and qualities being used to influence customers to patronize them. Organizational dependence (c), defined as each firm depends on its competitors\u2019 activities, often resulting in a game-like situation. Some of the strategies that many oligopolists use include (d) product differentiation where they try to offer packages that differ from competitors. But, as noted earlier, the demand curves facing oligopolists are not perfectly elastic (b); this is an iconographic of perfect competition where prices are taken by the respective firms. Thus, while competitors in other industries may have very limited or indeed no price-making capacity, oligopolists enjoy a certain degree of this power in view of their market strength<\/span><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Which of the following is not a characteristic of oligopoly firms? a. non-price competition, such as advertising and promotions b. perfectly elastic demand curves for […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nWhich of the following is not a characteristic of oligopoly firms?<\/title>\n<meta name=\"description\" content=\"Which of the following is not a characteristic of oligopoly firms? a. non-price competition, such as advertising and promotions b. perfectly elastic demand curves for individual firms\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.greatassignmenthelp.com\/questions\/which-of-the-following-is-not-a-characteristic-of-oligopoly-firms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which of the following is not a characteristic of oligopoly firms?\" \/>\n<meta property=\"og:description\" content=\"Which of the following is not a characteristic of oligopoly firms? a. non-price competition, such as advertising and promotions b. perfectly elastic demand curves for individual firms\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.greatassignmenthelp.com\/questions\/which-of-the-following-is-not-a-characteristic-of-oligopoly-firms\/\" \/>\n<meta property=\"og:site_name\" content=\"Questions - Greatassignmenthelp.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Greatassignmenthelpus\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-07T09:58:40+00:00\" \/>\n<meta name=\"author\" content=\"Jay Cooper\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@assignmentgreat\" \/>\n<meta name=\"twitter:site\" content=\"@assignmentgreat\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jay Cooper\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/which-of-the-following-is-not-a-characteristic-of-oligopoly-firms\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/which-of-the-following-is-not-a-characteristic-of-oligopoly-firms\/\"},\"author\":{\"name\":\"Jay Cooper\",\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/#\/schema\/person\/3a1b105fd8c3db97e016fb16652b9b3e\"},\"headline\":\"Which of the following is not a characteristic of oligopoly firms?\",\"datePublished\":\"2024-06-07T09:58:40+00:00\",\"dateModified\":\"2024-06-07T09:58:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/which-of-the-following-is-not-a-characteristic-of-oligopoly-firms\/\"},\"wordCount\":199,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/#organization\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.greatassignmenthelp.com\/questions\/which-of-the-following-is-not-a-characteristic-of-oligopoly-firms\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/which-of-the-following-is-not-a-characteristic-of-oligopoly-firms\/\",\"url\":\"https:\/\/www.greatassignmenthelp.com\/questions\/which-of-the-following-is-not-a-characteristic-of-oligopoly-firms\/\",\"name\":\"Which of the following is not a characteristic of oligopoly firms?\",\"isPartOf\":{\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/#website\"},\"datePublished\":\"2024-06-07T09:58:40+00:00\",\"dateModified\":\"2024-06-07T09:58:40+00:00\",\"description\":\"Which of the following is not a characteristic of oligopoly firms? a. non-price competition, such as advertising and promotions b. perfectly elastic demand curves for individual firms\",\"breadcrumb\":{\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/which-of-the-following-is-not-a-characteristic-of-oligopoly-firms\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.greatassignmenthelp.com\/questions\/which-of-the-following-is-not-a-characteristic-of-oligopoly-firms\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/which-of-the-following-is-not-a-characteristic-of-oligopoly-firms\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.greatassignmenthelp.com\/questions\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Which of the following is not a characteristic of oligopoly firms?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/#website\",\"url\":\"https:\/\/www.greatassignmenthelp.com\/questions\/\",\"name\":\"Questions - Greatassignmenthelp.com\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.greatassignmenthelp.com\/questions\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/#organization\",\"name\":\"greatassignmenthelp\",\"url\":\"https:\/\/www.greatassignmenthelp.com\/questions\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.greatassignmenthelp.com\/questions\/wp-content\/uploads\/2022\/06\/logo-footer.png\",\"contentUrl\":\"https:\/\/www.greatassignmenthelp.com\/questions\/wp-content\/uploads\/2022\/06\/logo-footer.png\",\"width\":159,\"height\":52,\"caption\":\"greatassignmenthelp\"},\"image\":{\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/Greatassignmenthelpus\",\"https:\/\/x.com\/assignmentgreat\",\"https:\/\/www.pinterest.com\/greatassignment\/\",\"https:\/\/www.linkedin.com\/company\/great-assignment-help\/\",\"https:\/\/www.instagram.com\/greatassignmenthelp\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/#\/schema\/person\/3a1b105fd8c3db97e016fb16652b9b3e\",\"name\":\"Jay Cooper\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/90b1a211fe4bf64a5776d70d26f75d0f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/90b1a211fe4bf64a5776d70d26f75d0f?s=96&d=mm&r=g\",\"caption\":\"Jay Cooper\"},\"sameAs\":[\"https:\/\/www.greatassignmenthelp.com\/questions\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Which of the following is not a characteristic of oligopoly firms?","description":"Which of the following is not a characteristic of oligopoly firms? a. non-price competition, such as advertising and promotions b. perfectly elastic demand curves for individual firms","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.greatassignmenthelp.com\/questions\/which-of-the-following-is-not-a-characteristic-of-oligopoly-firms\/","og_locale":"en_US","og_type":"article","og_title":"Which of the following is not a characteristic of oligopoly firms?","og_description":"Which of the following is not a characteristic of oligopoly firms? a. non-price competition, such as advertising and promotions b. perfectly elastic demand curves for individual firms","og_url":"https:\/\/www.greatassignmenthelp.com\/questions\/which-of-the-following-is-not-a-characteristic-of-oligopoly-firms\/","og_site_name":"Questions - Greatassignmenthelp.com","article_publisher":"https:\/\/www.facebook.com\/Greatassignmenthelpus","article_published_time":"2024-06-07T09:58:40+00:00","author":"Jay Cooper","twitter_card":"summary_large_image","twitter_creator":"@assignmentgreat","twitter_site":"@assignmentgreat","twitter_misc":{"Written by":"Jay Cooper","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.greatassignmenthelp.com\/questions\/which-of-the-following-is-not-a-characteristic-of-oligopoly-firms\/#article","isPartOf":{"@id":"https:\/\/www.greatassignmenthelp.com\/questions\/which-of-the-following-is-not-a-characteristic-of-oligopoly-firms\/"},"author":{"name":"Jay Cooper","@id":"https:\/\/www.greatassignmenthelp.com\/questions\/#\/schema\/person\/3a1b105fd8c3db97e016fb16652b9b3e"},"headline":"Which of the following is not a characteristic of oligopoly firms?","datePublished":"2024-06-07T09:58:40+00:00","dateModified":"2024-06-07T09:58:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.greatassignmenthelp.com\/questions\/which-of-the-following-is-not-a-characteristic-of-oligopoly-firms\/"},"wordCount":199,"commentCount":0,"publisher":{"@id":"https:\/\/www.greatassignmenthelp.com\/questions\/#organization"},"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.greatassignmenthelp.com\/questions\/which-of-the-following-is-not-a-characteristic-of-oligopoly-firms\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.greatassignmenthelp.com\/questions\/which-of-the-following-is-not-a-characteristic-of-oligopoly-firms\/","url":"https:\/\/www.greatassignmenthelp.com\/questions\/which-of-the-following-is-not-a-characteristic-of-oligopoly-firms\/","name":"Which of the following is not a characteristic of oligopoly firms?","isPartOf":{"@id":"https:\/\/www.greatassignmenthelp.com\/questions\/#website"},"datePublished":"2024-06-07T09:58:40+00:00","dateModified":"2024-06-07T09:58:40+00:00","description":"Which of the following is not a characteristic of oligopoly firms? a. non-price competition, such as advertising and promotions b. perfectly elastic demand curves for individual firms","breadcrumb":{"@id":"https:\/\/www.greatassignmenthelp.com\/questions\/which-of-the-following-is-not-a-characteristic-of-oligopoly-firms\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.greatassignmenthelp.com\/questions\/which-of-the-following-is-not-a-characteristic-of-oligopoly-firms\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.greatassignmenthelp.com\/questions\/which-of-the-following-is-not-a-characteristic-of-oligopoly-firms\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.greatassignmenthelp.com\/questions\/"},{"@type":"ListItem","position":2,"name":"Which of the following is not a characteristic of oligopoly firms?"}]},{"@type":"WebSite","@id":"https:\/\/www.greatassignmenthelp.com\/questions\/#website","url":"https:\/\/www.greatassignmenthelp.com\/questions\/","name":"Questions - Greatassignmenthelp.com","description":"","publisher":{"@id":"https:\/\/www.greatassignmenthelp.com\/questions\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.greatassignmenthelp.com\/questions\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.greatassignmenthelp.com\/questions\/#organization","name":"greatassignmenthelp","url":"https:\/\/www.greatassignmenthelp.com\/questions\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.greatassignmenthelp.com\/questions\/#\/schema\/logo\/image\/","url":"https:\/\/www.greatassignmenthelp.com\/questions\/wp-content\/uploads\/2022\/06\/logo-footer.png","contentUrl":"https:\/\/www.greatassignmenthelp.com\/questions\/wp-content\/uploads\/2022\/06\/logo-footer.png","width":159,"height":52,"caption":"greatassignmenthelp"},"image":{"@id":"https:\/\/www.greatassignmenthelp.com\/questions\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Greatassignmenthelpus","https:\/\/x.com\/assignmentgreat","https:\/\/www.pinterest.com\/greatassignment\/","https:\/\/www.linkedin.com\/company\/great-assignment-help\/","https:\/\/www.instagram.com\/greatassignmenthelp"]},{"@type":"Person","@id":"https:\/\/www.greatassignmenthelp.com\/questions\/#\/schema\/person\/3a1b105fd8c3db97e016fb16652b9b3e","name":"Jay Cooper","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.greatassignmenthelp.com\/questions\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/90b1a211fe4bf64a5776d70d26f75d0f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/90b1a211fe4bf64a5776d70d26f75d0f?s=96&d=mm&r=g","caption":"Jay Cooper"},"sameAs":["https:\/\/www.greatassignmenthelp.com\/questions"]}]}},"_links":{"self":[{"href":"https:\/\/www.greatassignmenthelp.com\/questions\/wp-json\/wp\/v2\/posts\/36893"}],"collection":[{"href":"https:\/\/www.greatassignmenthelp.com\/questions\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.greatassignmenthelp.com\/questions\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.greatassignmenthelp.com\/questions\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.greatassignmenthelp.com\/questions\/wp-json\/wp\/v2\/comments?post=36893"}],"version-history":[{"count":1,"href":"https:\/\/www.greatassignmenthelp.com\/questions\/wp-json\/wp\/v2\/posts\/36893\/revisions"}],"predecessor-version":[{"id":36894,"href":"https:\/\/www.greatassignmenthelp.com\/questions\/wp-json\/wp\/v2\/posts\/36893\/revisions\/36894"}],"wp:attachment":[{"href":"https:\/\/www.greatassignmenthelp.com\/questions\/wp-json\/wp\/v2\/media?parent=36893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.greatassignmenthelp.com\/questions\/wp-json\/wp\/v2\/categories?post=36893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.greatassignmenthelp.com\/questions\/wp-json\/wp\/v2\/tags?post=36893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}