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Which of the following is a characteristic of an oligopoly market? a)many firms b)unique product c)price setting powerd)best response functions e)none of the above

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Which of the following is a characteristic of an oligopoly market?

a)many firms

b)unique product

c)price setting powerd)best response functions

e)none of the above

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