One characteristic of oligopolistic markets is Question content area bottom Part 1 A. a horizontal demand curve facing each individual firm. B. ease of entry and exit. C. a large number of firms in the industry. D. zero profits in the long run. E. mutual interdependence between firms.

The purpose of safety stock is to: a. eliminate the possibility of a stockout. b. control the likelihood of a stockout due to variable demand and/or lead time. c. eliminate the likelihood of a stockout due to erroneous inventory tally. d. protect the firm from a sudden decrease in demand. e. replace failed units with good ones.