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Anthonyling Anthonyling
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A year ago
Which of the following is a characteristic of oligopoly?

▸ Prices are usually above marginal costs.

▸ Firms compete solely on the basis of price.

▸ There are large numbers of significantly sized sellers.

▸ The industry usually has a low concentration ratio.

▸ The pricing policies of one firm have no impact on pricing policies of other firms.
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Microeconomics

Microeconomics


Edition: 17th
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flipninjamelflipninjamel
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A year ago
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Anthonyling Author
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A year ago
Brilliant ツ
Lourd Jenkins
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You make an excellent tutor!
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this is exactly what I needed
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