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Next time you are shopping at the supermarket (or imagine you are there), what is a good example of a good that is sold in
Next time you are shopping at the supermarket (or imagine you are there), what is a good example of a good that is sold in an oligopoly market? What is the good? What are the major manufacturers (be sure to turn the package over so you are now confusing brand names with the manufacturer)? Which characteristics of an oligopoly market are shown here (few dominant producers; identical prices; sticky prices; high barriers to entry)?
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