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  3. Study Set
    Principles of Economics Study Set 12
  4. Exam
    Exam 11: Product Differentiation, Monopolistic Competition, and Oligopoly
  5. Question
    The Term That Best Describes the Behavior in Which Each
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The Term That Best Describes the Behavior in Which Each

Question 35

Question 35

Multiple Choice

The term that best describes the behavior in which each firm needs to anticipate what other firms will do and develop a strategy to respond is called


A) extrapolating.
B) strategic behavior.
C) rationalizing.
D) monopolizing.
E) perfect competition.

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