Oligopoly

T or F Would Pepsi and Coke conspire together to make prices?

• True

• False

Would McDonalds be in the Oligopoly Industry

• yes

• no

Would Aircraft companies be in the oligopoly industry

• Yes

• No

Would car companies be in the oligopoly industry

• Yes

• No

Would Cell phone companies be in the oligopoly industry

• yes

• no

How might an oligopoly control prices?

• Collusion

• Price leadership

• Nonprice competition

• All of the above

How does the government break up and prevent monopolies?

• Increased Taxes

• Antitrust legislation and regulation

• Deregulation

• Laissez-faire

What are zoning laws?

• Laws that allow zone defense

• Local regulations that specify where certain types of economic activity can exist

• Laws that allow public utilities to be monopolies

• Deregulation at the local level

There are many buyers AND sellers in this market structure.

• monopoly

• monopolistic competition

• oligopoly

• pure/perfect competition

Which structure uses differentiation to make its products unique?

• monopoly

• monopolistic competition

• oligopoly

• pure / perfect competition