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1.What is Oligopoly. Please describe its various fundamental Characteristics? 2. What is Concentration ratio. Please find out the concentration ratio from the below information? Company

1.What is Oligopoly. Please describe its various fundamental Characteristics?

2. What is Concentration ratio. Please find out the concentration ratio from the below information?

Company	Annual Sales
1	150
2	100
3	80
4	70
5 through 25	50

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