wiz-icon
MyQuestionIcon
MyQuestionIcon
2
You visited us 2 times! Enjoying our articles? Unlock Full Access!
Question

Which of the following is a feature of an oligopoly firm?

A
Price flexibility
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Price rigidity
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Fair price
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Optimum production
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A Price rigidity
Oligopoly is a market situation in which there are few firms dominating in the market. The market is highly concentrated. Few firms are grouped in certain numbers. There is also price stickiness seen in oligopoly market. Hence, price rigidity is a feature of an oligopoly firm.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Monopolistic Competition
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon