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spacemanspliff spacemanspliff
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A year ago
Which of the following is suggested by the theory of oligopoly?

▸ Entry into the industry is an important force preventing the exploitation of market power by existing firms.

▸ Game theory is interesting theory but not useful for real corporate managers.

▸ Oligopoly may be the best of the feasible alternative market structures when major scale economies exist.

▸ The tendency toward joint maximization of profits is greater for a large number of sellers than for a small number of sellers.

▸ Innovation is weak when there is no price competition.
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Microeconomics

Microeconomics


Edition: 17th
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elbrundoelbrundo
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A year ago
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