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Which of the following best represents the pricing behavior of firms in an oligopolistic market? 0 Stay*Put Clothespins takes the market price of Clothespins as
Which of the following best represents the pricing behavior of firms in an oligopolistic market? 0 Stay*Put Clothespins takes the market price of Clothespins as given and produces the amount of Clothespins where marginal revenue equals marginal cost. 0 Teen Angle Hardware looks for a niche to sell its hardware products to teens but finds it difcult to earn anything more than normal profits due to other hardware stores also looking for niches. 0 Looking Over Your Shoulder Handbag Co. chooses the price it charges by estimating what its rivals are most likely to do and then taking their responses into consideration. 0 Unykdrugs Inc. knows it will not face competition due to patents it holds on its products, the company's pricing strategy is based on the market demand for the product
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