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Card 1 of 25

Why are firms interdependent in an oligopoly?

A

With high fixed costs, one firm's action has no effect on the others.

B

With many rivals, one firm's action has no effect on the others.

C

With few rivals, one firm's action directly affects the others.

D

With few consumers, one buyer's action directly affects the firms.

Card 1 of 25

1.5.5 Oligopoly (A-level only) Flashcards

  1. A Level
  2. /Economics
  3. /1.5.5 Oligopoly (A-level only)

25 flashcards on AQA A Level Economics 1.5.5 Oligopoly (A-level only): the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3.

Flashcards