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30. A key characteristic of oligopoly is Group of answer choices a. A single firm producing a product with no close substitutes. b. Actual and

30. A key characteristic of oligopoly is

Group of answer choices

a. A single firm producing a product with no close substitutes.

b. Actual and perceived interdependence among firms.

c. Complete absence of entry barriers.

d. A demand curve much less clastic for price increases than for price decreases.

e. The tendency to spend less on product differentiation and advertising than a perfect competitive firm.

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