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Oligopolies are characterized by: Answers: a. interdependence of pricing and output decisions. b. high barriers to entry. c. homogeneous or differentiated products. d. a few
Oligopolies are characterized by:
Answers:
a.
interdependence of pricing and output decisions.
b.
high barriers to entry.
c.
homogeneous or differentiated products.
d.
a few large firms that dominate industry output.
e.
All of these answers are correct.
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