Which of the following are true for an oligopolistic market?
A. The demand curve of oligopolistic market is indeterminate.
B. There is a possibility of only two sellers.
C. The product may be homogenous or differentiated.
D. There is free entry into and free exit out of the market.
E. There is an importance of advertisment cost.
Choose the correct answer from the options given below:
1
A, B, C and D only
2
B, C and D only
3
A, B, C and E only
4
B, C, D and E only