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What is a characteristic of oligopoly? A. all firms in an oligopoly produce an identical product and compete only on price. B. An oligopoly is
What is a characteristic of oligopoly?
A. all firms in an oligopoly produce an identical product and compete only on price.
B. An oligopoly is a market with a natural barrier preventing the entry of new firms.
C. The market structure oligopoly lies between perfect competition and monopoly.
D. All firms in an oligopoly produce a differentiated product and compete on price, product quality and marketing.
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