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Non-Competitive Markets
Question
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Which feature distinguished oligopoly from other market forms.

  • Interdependence among firms

  • Homogenous Product

  • Perfect Knowledge

  • Large number of buyers

Answer

A.

Interdependence among firms

Sponsor Area

Some More Questions From Non-Competitive Markets Chapter

Consumption Goods and Capital Goods

Flow and Stock Concepts

Giving reasons categorise the following into stocks and flows:
(i) Losses (ii) Capital (iii) Production (iv) Wealth. 

Gross Investment and Net Investment

Domestic (Economic) Territory

National Income at Current and Constant Prices (Nominal and Real NI)

Consumption of Fixed Capital (Depreciation)

Factor Cost vs. Market Price (or Net Indirect Taxes)

Net Factor Income from Abroad (NFIA)

Value of Output vs. Value Added