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The Possible Alternatives for an Oligopoly Range from the Monopoly

Question 33

Multiple Choice

The possible alternatives for an oligopoly range from the monopoly case with ________ to the perfectly competitive case with ________.


A) low prices; high prices
B) high output; low output
C) no cooperation among the firms; much cooperation among the firms
D) low output; high output
E) low profits; high profits

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