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Because an oligopoly is characterized by a) a few sellers selling a differentiated product, each seller makes its price and output decisions independently b) few

Because an oligopoly is characterized by

a) a few sellers selling a differentiated product, each seller makes its price and output decisions independently

b) few large sellers, each seller has some influence over the market price

c) many small sellers, each firm must differentiate its product.

d) a single seller of a product that has few suitable substitutes, the seller is a price maker

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