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rsbains rsbains
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5 years ago
An oligopolist's demand curve is

• identical to that of a perfectly competitive firm.

• identical to that of a monopolistically competitive firm.

• vertical on a price-quantity diagram.

• unknown because a response of firms to price changes by rivals is uncertain.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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Cass S.Cass S.
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5 years ago
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