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The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695 Exercise 3
Consult the technical definition of oligopoly : competition among the few. Are commercial airlines oligopolists by that definition? Are the owners of the gasoline stations in a small town oligopolists? Name some other sellers who are and are not oligopolists by that definition.
Explanation
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Oligopoly consists of a very few firms c...
The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
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