- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 1. The Firm and Market Structures
- Subject 8. Oligopoly
CFA Practice Question
Which of the following is not a characteristic of an oligopoly?
B. Economies of scale
C. Differentiated products
A. Many small firms
B. Economies of scale
C. Differentiated products
Correct Answer: A
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. |