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After watching the video, answer the following questions. According to the video, what are the basic characteristics of oligopolies? What is non-price competition and how
After watching the video, answer the following questions. According to the video, what are the basic characteristics of oligopolies? What is "non-price competition" and how does it relate to the oligopolistic market structure? What is the "prisoner's dilemma" and how does it help us understand the strategic decision making of oligopolies? Explain how collusion and the cartel relate to oligopolies. Explain the concept of a "dominant strategy
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