An oligopolist's demand curve is

rsbains

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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

Edition: 7^th

Authors: Hubbard, O'Brien

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Cass S.

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More solutions for this book are available here

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