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Basic Question 1 of 17

Which of the following is not a characteristic of an oligopoly?

A. Many small firms
B. Economies of scale
C. Differentiated products

User Contributed Comments 2

User Comment
mordja Is there a requirement for differentiated products?
Xocrevilo Differentiated products CAN be a feature of an oligopoly, but is not a necessary feature. Only A is not a necessary feature.
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach

Andrea Schildbach

Learning Outcome Statements

explain supply and demand relationships under oligopoly, including the optimal price and output for firms as well as pricing strategy

CFA® 2025 Level I Curriculum, Volume 1, Module 1.