1. What are the distinguishing features of oligopoly? 2. Why are breakfast cereals made by firms in...
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1. What are the distinguishing features of oligopoly?
2. Why are breakfast cereals made by firms in oligopoly? Why isn’t there monopolistic competition in that industry?
3. Duracell’s share of revenue in the market for batteries is 45 percent. Energizer’s share is 35 percent. A few smaller firms share the rest of the market. In what type of market are batteries sold? Explain your answer.
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