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40. Which of the following statements about companies in oligopolistic industries is true? (A) They cannot successfully collude because of the large number of firms

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40. Which of the following statements about companies in oligopolistic industries is true? (A) They cannot successfully collude because of the large number of firms in the industry. (B) They take their rivals' reactions into account in attempting to maximize profit. (C) They earn normal profits in the long run because of low entry barriers. (D) They focus on price competition rather than nonprice competition

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