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Which of the following statements is NOT a condition for a Stackelberg oligopoly? Multiple Choice a) The market is contestable. b) Barriers to entry exist.

Which of the following statements is NOT a condition for a Stackelberg oligopoly?

Multiple Choice

a) The market is contestable.

b) Barriers to entry exist.

c) A single firm (the leader) selects an output before all other firms choose their outputs.

d) The firms produce either differentiated or homogeneous products.

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