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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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