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Oligopolistic firms: A ) would not drive competitors out of business to gain control of the market. B ) know that their competitors pay no
Oligopolistic firms:
A would not drive competitors out of business to gain control of the market.
B know that their competitors pay no attention to their pricing decisions and therefore hope to gain market share by lowering price.
C may seek to drive competitors out of business for personal reasons, even at great expense.
D do not pay attention to a competitor's prices because there's nothing they can do about them.
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