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In Oligopoly, the Number of Firms Is Such That

Question 37

Multiple Choice

In oligopoly, the number of firms is such that


A) oligopoly typically results in competition.
B) oligopoly is essentially the same as monopoly.
C) most are quickly eliminated and a monopoly results.
D) product differentiation is not possible.
E) each firm recognizes its own and others' market power.

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