3. Which of the following is true for an oligopoly? I. There are a few fi rms,...
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3. Which of the following is true for an oligopoly?
I. There are a few fi rms, each with a large market share.
II. The fi rms in the industry are interdependent.
III. The industry experiences diseconomies of scale.
a. I only
b. II only
c. III only
d. I and II only
e. I, II, and III
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