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A. Indicate if the following characteristics exist in the oligopolistic market by writing a YES in the blank for those that do and NO for

A. Indicate if the following characteristics exist in the oligopolistic market by writing a YES in the blank for those that do and NO for those that do not.

___5. Nonprice competitions prevalent

_7. The sellers marginal revenue is lower than the price.

_8. Profit is maximized where MR+MC

___9. A decrease in the price of one seller is usually matched by the price decreases of his rivals.

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