Multiple Choice
There are many different models of oligopoly because:
A) beliefs are not incorporated in oligopolistic competition.
B) firms do not maximize profits in oligopolistic competition.
C) oligopoly is the most complicated type of market structure.
D) both beliefs are not incorporated in oligopolistic competition and oligopoly is the most complicated type of market structure.
Correct Answer:
Verified
Correct Answer:
Verified
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