What is one of the main differences between a monopoly and an oligopoly? a. oligopolies face downward sloping demand curves, unlike monopolistic firms. b. an oligopoly is a market situation where there are no close substitutes for the good. c. firms in oligopoly can set prices to a degree but must consider other firms' decisions. d. there are barriers to entry for firms in a monopolistic but not in oligopolistic markets.

C. seems to be the closest to the correct answer.

C gets close to the analysis that collusion is common in oligopolies as collusion is (illegal) but easier than competition

A is incorrect as oligopoly has a kinked, not downward sloping curve.

Oligopoly is a market structure where there are limited options for producers, but there are options. So, B is incorrect.

There are barriers to entry in both monopolies and oligopolies so D is incorrect.

can you explain a little further maybe give multiple choice? ?

1.) question:

how was the agricultural revolution related to the industrial revolution?

d.) improved agriculture led to population growth, which increased demand for goods.

2.) question:

which of the following happened first in the events leading to american independence?

c.) the meeting of the first continental congress.

3.) question:

what was one advantage that cities offered businesses and industrialists?

answer:

d.) transportation networks

4.) question:

what economic philosophy developed in response to the problems of industrial workers?

a.) socialism

5.) question:

how does this image relate to the jacobins?

b.) the jacobins used this machine to scare and execute those who supported the king.

hope this !