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Home Q & A Board Other Fields Homework Help Business Economics
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yuknam yuknam
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5 years ago

Question 1.

The four largest firms account for approximately 95% of U.S. cigarette sales. The U.S. cigarette industry would be best classified as a(n)



▸ perfectly competitive industry.

▸ monopolistically competitive industry.

▸ oligopoly.

▸ monopoly.

Question 2.

In the oligopoly market structure, the behavior of any given firm ________ the behavior of the other firms in the industry.



▸ is independent of

▸ must be different from

▸ must be the same as

▸ depends on
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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Cele_1015Cele_1015
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5 years ago
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yuknam Author
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#2
5 years ago
Appreciate the effort, thank you!
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