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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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