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Which one of the following characteristics does not apply to oligopoly? Question 10 options: A) The industry is often characterized by extensive non-price competition B)

Which one of the following characteristics does not apply to oligopoly?

Question 10 options:

A)

The industry is often characterized by extensive non-price competition

B)

A few large firms account for a high percentage of industry output

C)

Each firm faces a downward sloping demand curve

D)

Many small firms account for a high percentage of industry output

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