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Basic Question 0 of 5

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 passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz

Learning Outcome Statements

explain hypothesis testing and its components, including statistical significance, Type I and Type II errors, and the power of a test

CFA® 2025 Level I Curriculum, Volume 1, Module 8.